Savings And Loan Crisis - S&L
Definition of 'Savings And Loan Crisis - S&L'One of the largest financial scandals inAlso known as "thrifts". |
|
Investopedia explains 'Savings And Loan Crisis - S&L'Because S&L deposits were insured by the Federal Savings and Loan Insurance Corporation (FSLIC), depositors continued to put money into these risky institutions. A complex web of these factors and others, combined with widespread corruption, led to the insolvency of the FSLIC, the government bailout of the thrifts to the tune of $124 billion in taxpayer dollars and the liquidation of 747 insolvent S&Ls by the |
Related Definitions
Articles Of Interest
-
From Booms To Bailouts: The Banking Crisis Of The 1980s
The economic environment of the late 1970s and early 1980s created the perfect storm for a banking crisis. -
Top 6 U.S. Government Financial Bailouts
U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy. -
Riding The Market Bubble: Don't Try This At Home
Riding the bubble takes timing, a clear understanding of the market and, most of all, a lot of luck. -
A Nightmare On Wall Street
These tales of banking terror sent shivers down the spines of even the most steadfast bankers. -
The 2007-08 Financial Crisis In Review
If you don't know how the recession began, read on to learn more. -
Investing During Uncertainty
The inability to forecast future events can turn the markets upside down. Find out how to stay right-side up. -
Why High-Income Earners Are Not Safe From The Threat Of Bankruptcy
Few people have much sympathy for the woes of those earning six figure or more each year. But, given that high-income earners drive economic expansion, the risks and problems facing high earners ... -
5 Businesses That Started During A Recession
These companies found success despite being started during economic downturns. -
What Causes A Currency Crisis?
Find out what can cause a currency to collapse, and what central banks can do to help. -
Can't Get A Bank Loan? Turn To Your Neighbor
Peer-to-peer lending can be an inexpensive way to gain access to credit when banks are restricting lending -- but you need to understand the entire deal first before jumping in.
Free Annual Reports