LyjrpSamylabell LyjrpSamylabell

19-04-2016
Advanced Placement (AP)

Answered

How did high interest rates affect savings and loans (S&Ls) in the 1980s?

Verified Answer :

afawatim afawatim

19-04-2016

S&L's were affected because interest rates increased. When the interest rates increased, loans were not being approved thus becoming insolvent. This is what also caused the Poison scheme.

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