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Savings and loan crisis

Index Savings and loan crisis

The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1,043 of the 3,234) of savings and loan associations (S&Ls) in the United States from 1986 to 1995. [1]

Table of Contents

  1. 142 relations: Adjustable-rate mortgage, Adverse selection, Ahmed Zaki Yamani, Alan Cranston, Arizona, Asset–liability mismatch, Baby boom, Bank, Bankruptcy, Boston University, Building society, C-SPAN, California, Certificate of deposit, Charles Keating, Charter, Cincinnati, Conflict of interest, Control fraud, Cottage Savings Ass'n v. Commissioner, Countdown to Extinction, Criminal conspiracy, David Ellefson, Democratic Party (United States), Dennis DeConcini, Deposit insurance, Depository Institutions Deregulation and Monetary Control Act, Deregulation, Dick Celeste, Discount window, Disintermediation, Dollars & Sense, Donald Riegle, Dwight D. Eisenhower, Early 1980s recession in the United States, Early 1990s recession, East Coast of the United States, Economic Recovery Tax Act of 1981, Emergency Banking Act of 1933, Fannie Mae, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, Federal Home Loan Banks, Federal Housing Finance Board, Federal Reserve, Federal Savings and Loan Insurance Corporation, Fidelity Investments, Fidelity Magellan Fund, Financial crisis, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, ... Expand index (92 more) »

  2. 1980s in economic history
  3. 1990s in economic history
  4. Economic crises in the United States
  5. Financial services in the United States
  6. George H. W. Bush administration controversies
  7. Mutual savings banks in the United States
  8. Reagan administration controversies

Adjustable-rate mortgage

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.

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Adverse selection

In economics, insurance, and risk management, adverse selection is a market situation where asymmetric information results in a party taking advantage of undisclosed information to benefit more from a contract or trade.

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Ahmed Zaki Yamani

Ahmed Zaki Yamani (أحمد زكي يماني; 30 June 1930 – 23 February 2021) was a Saudi Arabian politician who served as Minister of Petroleum and Mineral Resources under four Saudi monarchs from 1962 to 1986, and a minister in the Organization of the Petroleum Exporting Countries (OPEC) for 25 years.

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Alan Cranston

Alan MacGregor Cranston (June 19, 1914 – December 31, 2000) was an American politician and journalist who served as a United States Senator from California from 1969 to 1993, and as President of the World Federalist Association from 1949 to 1952.

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Arizona

Arizona (Hoozdo Hahoodzo; Alĭ ṣonak) is a landlocked state in the Southwestern region of the United States.

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Asset–liability mismatch

In finance, an asset–liability mismatch occurs when the financial terms of an institution's assets and liabilities do not correspond.

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Baby boom

A baby boom is a period marked by a significant increase of births.

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Bank

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.

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Bankruptcy

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.

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Boston University

Boston University (BU) is a private research university in Boston, Massachusetts.

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Building society

A building society is a financial institution owned by its members as a mutual organization, which offers banking and related financial services, especially savings and mortgage lending.

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C-SPAN

Cable-Satellite Public Affairs Network (C-SPAN) is an American cable and satellite television network, created in 1979 by the cable television industry as a nonprofit public service.

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California

California is a state in the Western United States, lying on the American Pacific Coast.

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Certificate of deposit

A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States.

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Charles Keating

Charles Humphrey Keating Jr. (December 4, 1923 – March 31, 2014) was an American sportsman, lawyer, real estate developer, banker, financier, conservative activist, and convicted felon best known for his role in the savings and loan scandal of the late 1980s.

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Charter

A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified.

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Cincinnati

Cincinnati (nicknamed Cincy) is a city in and the county seat of Hamilton County, Ohio, United States.

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Conflict of interest

A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.

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Control fraud

Control fraud occurs when a trusted person in a high position of responsibility in a company, corporation, or state subverts the organization and engages in extensive fraud for personal gain.

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Cottage Savings Ass'n v. Commissioner

Cottage Savings Association v. Commissioner, 499 U.S. 554 (1991), was an income tax case before the Supreme Court of the United States.

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Countdown to Extinction

Countdown to Extinction is the fifth studio album by American thrash metal band Megadeth, released on July 14, 1992, through Capitol Records.

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Criminal conspiracy

In criminal law, a conspiracy is an agreement between two or more people to commit a crime at some time in the future.

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David Ellefson

David Warren Ellefson (born November 12, 1964) is an American musician, best known for his long tenure as the bassist and backing vocalist for thrash metal band Megadeth across two stints.

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Democratic Party (United States)

The Democratic Party is one of the two major contemporary political parties in the United States.

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Dennis DeConcini

Dennis Webster DeConcini (born May 8, 1937) is an American lawyer, philanthropist, politician and former U.S. senator from Arizona.

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Deposit insurance

Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due.

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Depository Institutions Deregulation and Monetary Control Act

The Depository Institutions Deregulation and Monetary Control Act of 1980 (often abbreviated DIDMCA or MCA) is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31.

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Deregulation

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere.

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Dick Celeste

Richard Frank Celeste (born November 11, 1937) is an American former diplomat, university administrator and politician from Ohio.

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Discount window

The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions.

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Disintermediation

Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions.

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Dollars & Sense

Dollars & Sense is a magazine focusing on economics from a progressive perspective, published by Dollars & Sense, Inc, which also publishes textbooks in the same genre.

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Donald Riegle

Donald Wayne Riegle Jr. (born February 4, 1938) is an American politician, author, and businessman from Michigan.

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Dwight D. Eisenhower

Dwight David Eisenhower (born David Dwight Eisenhower; October 14, 1890 – March 28, 1969), nicknamed Ike, was an American military officer and statesman who served as the 34th president of the United States from 1953 to 1961.

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Early 1980s recession in the United States

The United States entered recession in January 1980 and returned to growth six months later in July 1980. Savings and loan crisis and Early 1980s recession in the United States are 1980s in economic history and Presidency of Ronald Reagan.

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Early 1990s recession

The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. Savings and loan crisis and early 1990s recession are 1990s in economic history.

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East Coast of the United States

The East Coast of the United States, also known as the Eastern Seaboard, the Atlantic Coast, and the Atlantic Seaboard, is the region encompassing the coastline where the Eastern United States meets the Atlantic Ocean.

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Economic Recovery Tax Act of 1981

The Economic Recovery Tax Act of 1981 (ERTA), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. Savings and loan crisis and economic Recovery Tax Act of 1981 are Presidency of Ronald Reagan.

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Emergency Banking Act of 1933

The Emergency Banking Act (EBA) (the official title of which was the Emergency Banking Relief Act), Public Law 73-1, 48 Stat.

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Fannie Mae

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company.

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks.

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Federal Home Loan Bank Board

The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporation (FSLIC); and nationally-chartered thrifts.

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Federal Home Loan Banks

The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment.

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Federal Housing Finance Board

The Federal Housing Finance Board (FHFB) was an independent agency of the United States government established in 1989 in the aftermath of the savings and loan crisis to take over management of the Federal Home Loan Banks (FHLBs or FHLBanks) from the Federal Home Loan Bank Board (FHLBB), and was superseded by the Federal Housing Finance Agency (FHFA) in 2008.

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Federal Reserve

The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.

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Federal Savings and Loan Insurance Corporation

The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States.

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Fidelity Investments

Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.

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Fidelity Magellan Fund

The Fidelity Magellan Fund is a U.S.-domiciled mutual fund from the Fidelity family of funds.

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Financial crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value.

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Financial Institutions Reform, Recovery, and Enforcement Act of 1989

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s.

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Fixed-rate mortgage

A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float".

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Forbearance

Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure.

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Fractional-reserve banking

Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers.

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Franklin D. Roosevelt

Franklin Delano Roosevelt (January 30, 1882April 12, 1945), commonly known by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945.

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Fraud

In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

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Freddie Mac

The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia.

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Garn–St. Germain Depository Institutions Act

The Garn–St Germain Depository Institutions Act of 1982 (enacted October 15, 1982) is an Act of Congress that deregulated savings and loan associations and allowed banks to provide adjustable-rate mortgage loans.

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George H. W. Bush

George Herbert Walker BushAfter the 1990s, he became more commonly known as George H. W. Bush, "Bush Senior," "Bush 41," and even "Bush the Elder" to distinguish him from his eldest son, George W. Bush, who served as the 43rd U.S. president from 2001 to 2009; previously, he was usually referred to simply as George Bush.

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Government Accountability Office

The U.S. Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress.

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Government National Mortgage Association

The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD).

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Great Depression

The Great Depression (19291939) was a severe global economic downturn that affected many countries across the world.

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Great Society

The Great Society was a set of domestic programs in the United States launched by President Lyndon B. Johnson in 1964 and 1965.

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High-yield debt

In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies.

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Home State Savings Bank

Home State Savings Bank was an American savings and loan association based in Cincinnati, Ohio.

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Inflation

In economics, inflation is a general increase in the prices of goods and services in an economy.

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Interstate Highway System

The Dwight D. Eisenhower National System of Interstate and Defense Highways, commonly known as the Interstate Highway System, or the Eisenhower Interstate System, is a network of controlled-access highways that forms part of the National Highway System in the United States.

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It's a Wonderful Life

It's a Wonderful Life is a 1946 American Christmas supernatural drama film produced and directed by Frank Capra.

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Jim Wright

James Claude Wright Jr. (December 22, 1922 – May 6, 2015) was an American politician who served as the 48th speaker of the United States House of Representatives from 1987 to 1989.

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Jimmy Carter

James Earl Carter Jr. (born October 1, 1924) is an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981.

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John Glenn

John Herschel Glenn Jr. (July 18, 1921 – December 8, 2016) was an American Marine Corps aviator, astronaut, businessman, and politician.

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John McCain

John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and United States Navy officer who served as a United States senator from Arizona from 1987 until his death in 2018.

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Keating Five

File:AlanCranston.jpg|Alan Cranston (D-CA) File:Dennis DeConcini.jpg| File:John Glenn Low Res.jpg|John Glenn (D-OH) File:John McCain.jpg|John McCain (R-AZ) File:Riegle2.jpg|Donald Riegle (D-MI) The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger savings and loan crisis of the late 1980s and early 1990s.

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L. William Seidman

Lewis William Seidman (April 29, 1921 – May 13, 2009) was an American economist, financial commentator, and former head of the U.S. Federal Deposit Insurance Corporation, best known for his role in helping work to correct the Savings and Loan Crisis in the American financial sector from 1988 to 1991 as head of the Resolution Trust Corporation.

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Liar's Poker

Liar's Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s.

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Liberty Fund

Liberty Fund, Inc. is a nonprofit foundation headquartered in Carmel, Indiana, which promotes the libertarian views of its founder, Pierre F. Goodrich through publishing, conferences, and educational resources.

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Lincoln Savings and Loan Association

The Lincoln Savings and Loan Association of Irvine, California, was the financial institution at the heart of the Keating Five scandal during the 1980s savings and loan crisis.

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List of corporate collapses and scandals

A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise.

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List of largest bank failures in the United States

Since the 1970s, over 90 banks in the United States with billion or more in assets have failed.

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Los Angeles Times

The Los Angeles Times is a regional American daily newspaper that began publishing in Los Angeles, California in 1881.

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Louisiana

Louisiana (Louisiane; Luisiana; Lwizyàn) is a state in the Deep South and South Central regions of the United States.

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Lyndon B. Johnson

Lyndon Baines Johnson (August 27, 1908January 22, 1973), often referred to by his initials LBJ, was an American politician who served as the 36th president of the United States from 1963 to 1969.

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Mail and wire fraud

Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes.

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Maryland

Maryland is a state in the Mid-Atlantic region of the United States.

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Megadeth

Megadeth is an American thrash metal band formed in Los Angeles in 1983 by vocalist/guitarist Dave Mustaine.

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Michael Lewis

Michael Monroe Lewis (born October 15, 1960) Gale Biography In Context.

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Michael Milken

Michael Robert Milken (born July 4, 1946) is an American financier.

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Michigan

Michigan is a state in the Great Lakes region of the Upper Midwest region of the United States.

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Midwest Federal Savings & Loan

Midwest Federal Savings and Loan was an American bank headquartered in Minneapolis, Minnesota that starting in the mid-1960s and collapsed in 1989.

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Midwestern United States

The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four census regions of the United States Census Bureau.

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Minneapolis

Minneapolis, officially the City of Minneapolis, is a city in and the county seat of Hennepin County, Minnesota, United States. With a population of 429,954, it is the state's most populous city as of the 2020 census. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota.

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Minnesota

Minnesota is a state in the Upper Midwestern region of the United States.

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Monetary inflation

Monetary inflation is a sustained increase in the money supply of a country (or currency area).

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Moral hazard

In economics, a moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs of that risk.

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Mortgage

A mortgage loan or simply mortgage, in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

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Negotiable order of withdrawal account

In the United States, a negotiable order of withdrawal account (NOW account) is an interest-paying deposit account on which an unlimited number of checks may be written.

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Neil Bush

Neil Mallon Bush (born January 22, 1955) is an American businessman and investor.

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New Deal

The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938 to rescue the U.S. from the Great Depression.

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Office of Thrift Supervision

The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations.

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Ohio

Ohio is a state in the Midwestern region of the United States.

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Oklahoma

Oklahoma (Choctaw: Oklahumma) is a state in the South Central region of the United States.

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Old Court Savings and Loans

Old Court Savings and Loan (Old Court Thrift Savings) was a savings and loan association headquartered in Pikesville, Maryland, United States, that failed due to embezzlement by its president Jeffrey Levitt, which led to the failure of the state deposit insurance corporation.

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Panic of 1893

The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. Savings and loan crisis and Panic of 1893 are economic crises in the United States.

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Paul Volcker

Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987.

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Penguin Books

Penguin Books Limited is a British publishing house.

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Pete Brewton

Pete Brewton teaches journalism and law at Texas Tech University in Lubbock, Texas.

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Peter Lynch

Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, author and philanthropist.

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Race to the bottom

Race to the bottom is a socio-economic phrase to describe either government deregulation of the business environment or reduction in corporate tax rates, in order to attract or retain economic activity in their jurisdictions.

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Racketeering

Racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a "racket") to repeatedly or consistently collect a profit.

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Regulation Q

Regulation Q (12 CFR) is a Federal Reserve regulation which sets out capital requirements for banks in the United States.

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Republican Party (United States)

The Republican Party, also known as the GOP (Grand Old Party), is one of the two major contemporary political parties in the United States.

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Resolution Trust Corporation

The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision (OTS) as a consequence of the savings and loan crisis of the 1980s.

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Ronald Reagan

Ronald Wilson Reagan (February 6, 1911June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989.

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Salary

A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.

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Savings and loan association

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. Savings and loan crisis and savings and loan association are mutual savings banks in the United States.

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Second Industrial Revolution

The Second Industrial Revolution, also known as the Technological Revolution, was a phase of rapid scientific discovery, standardisation, mass production and industrialisation from the late 19th century into the early 20th century.

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Simon & Schuster

Simon & Schuster LLC is an American publishing company owned by Kohlberg Kravis Roberts.

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Speaker of the United States House of Representatives

The speaker of the United States House of Representatives, commonly known as the speaker of the House, is the presiding officer of the United States House of Representatives.

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St. Paul Pioneer Press

The St.

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Stagflation

In economics, stagflation (or recession-inflation) is a situation in which the inflation rate is high or increasing, the economic growth rate slows, and unemployment remains steadily high.

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Subprime mortgage crisis

The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis.

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Supreme Court of the United States

The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States.

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Tax

A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities.

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Tax Reform Act of 1986

The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986. Savings and loan crisis and Tax Reform Act of 1986 are Presidency of Ronald Reagan.

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Texas

Texas (Texas or Tejas) is the most populous state in the South Central region of the United States.

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The Arizona Republic

The Arizona Republic is an American daily newspaper published in Phoenix.

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The New York Times

The New York Times (NYT) is an American daily newspaper based in New York City.

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The Washington Post

The Washington Post, locally known as "the Post" and, informally, WaPo or WP, is an American daily newspaper published in Washington, D.C., the national capital.

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United States Congress

The United States Congress, or simply Congress, is the legislature of the federal government of the United States.

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United States Department of the Treasury

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department.

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United States House Committee on Ethics

The U.S. House Committee on Ethics, often known simply as the Ethics Committee, is one of the committees of the United States House of Representatives.

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United States Senate Select Committee on Ethics

The U.S. Senate Select Committee on Ethics is a select committee of the United States Senate charged with dealing with matters related to senatorial ethics.

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United States v. Winstar Corp.

United States v. Winstar Corp., 518 U.S. 839 (1996), was a decision by the United States Supreme Court which held that the United States Government had breached its contractual obligations.

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Vice President of the United States

The vice president of the United States (VPOTUS) is the second-highest officer in the executive branch of the U.S. federal government, after the president of the United States, and ranks first in the presidential line of succession.

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Vietnam War

The Vietnam War was a conflict in Vietnam, Laos, and Cambodia from 1 November 1955 to the fall of Saigon on 30 April 1975.

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Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, was a major American stock market crash that occurred in the autumn of 1929.

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Western United States

The Western United States, also called the American West, the Western States, the Far West, and the West, is the region comprising the westernmost U.S. states.

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William K. Black

William Kurt Black (born September 6, 1951) is an American lawyer, academic, author, and a former bank regulator.

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Working class

The working class is a subset of employees who are compensated with wage or salary-based contracts, whose exact membership varies from definition to definition.

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World War II

World War II or the Second World War (1 September 1939 – 2 September 1945) was a global conflict between two alliances: the Allies and the Axis powers.

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Zvi Bodie

Zvi Bodie (born April 27, 1943) is an American economist, author and professor.

See Savings and loan crisis and Zvi Bodie

1980s oil glut

The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. Savings and loan crisis and 1980s oil glut are 1980s in economic history.

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97th United States Congress

The 97th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives.

See Savings and loan crisis and 97th United States Congress

See also

1980s in economic history

1990s in economic history

Economic crises in the United States

Financial services in the United States

George H. W. Bush administration controversies

Mutual savings banks in the United States

Reagan administration controversies

References

[1] https://en.wikipedia.org/wiki/Savings_and_loan_crisis

Also known as 1980s Savings and Loan crisis, Linked financing (scam), S & L crisis, S and L Crisis, S&L Crisis, Saving and Loans Scandal, Savings & Loan Crisis, Savings and Loan crisis of 1986, Savings and Loan scandal, Savings and loan crisis of the 1980s, Savings and loan crisis of the late 1980s, US Savings and Loan Scandal.

, Fixed-rate mortgage, Forbearance, Fractional-reserve banking, Franklin D. Roosevelt, Fraud, Freddie Mac, Garn–St. Germain Depository Institutions Act, George H. W. Bush, Government Accountability Office, Government National Mortgage Association, Great Depression, Great Society, High-yield debt, Home State Savings Bank, Inflation, Interstate Highway System, It's a Wonderful Life, Jim Wright, Jimmy Carter, John Glenn, John McCain, Keating Five, L. William Seidman, Liar's Poker, Liberty Fund, Lincoln Savings and Loan Association, List of corporate collapses and scandals, List of largest bank failures in the United States, Los Angeles Times, Louisiana, Lyndon B. Johnson, Mail and wire fraud, Maryland, Megadeth, Michael Lewis, Michael Milken, Michigan, Midwest Federal Savings & Loan, Midwestern United States, Minneapolis, Minnesota, Monetary inflation, Moral hazard, Mortgage, Negotiable order of withdrawal account, Neil Bush, New Deal, Office of Thrift Supervision, Ohio, Oklahoma, Old Court Savings and Loans, Panic of 1893, Paul Volcker, Penguin Books, Pete Brewton, Peter Lynch, Race to the bottom, Racketeering, Regulation Q, Republican Party (United States), Resolution Trust Corporation, Ronald Reagan, Salary, Savings and loan association, Second Industrial Revolution, Simon & Schuster, Speaker of the United States House of Representatives, St. Paul Pioneer Press, Stagflation, Subprime mortgage crisis, Supreme Court of the United States, Tax, Tax Reform Act of 1986, Texas, The Arizona Republic, The New York Times, The Washington Post, United States Congress, United States Department of the Treasury, United States House Committee on Ethics, United States Senate Select Committee on Ethics, United States v. Winstar Corp., Vice President of the United States, Vietnam War, Wall Street Crash of 1929, Western United States, William K. Black, Working class, World War II, Zvi Bodie, 1980s oil glut, 97th United States Congress.