Savings and Loan crisis (1980s-1990s)

URI: https://gptkb.org/entity/Savings_and_Loan_crisis_(1980s-1990s)
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:affectedIndustry savings and loan associations
gptkbp:alsoKnownAs gptkb:S&L_crisis
gptkbp:cause fraudulent activities
deregulation of savings and loan associations
poor regulatory oversight
real estate collapse
risky investments
gptkbp:consequence criminal prosecutions
collapse of many S&L institutions
loss of public confidence in S&Ls
major regulatory reforms
gptkbp:country gptkb:United_States
gptkbp:endDate 1996
https://www.w3.org/2000/01/rdf-schema#label Savings and Loan crisis (1980s-1990s)
gptkbp:impact increased regulation of financial institutions
gptkbp:legislature gptkb:Financial_Institutions_Reform,_Recovery,_and_Enforcement_Act_of_1989
gptkb:Garn–St._Germain_Depository_Institutions_Act_of_1982
gptkb:Depository_Institutions_Deregulation_and_Monetary_Control_Act_of_1980
gptkbp:mediaCoverage extensive national media attention
gptkbp:notableEvent gptkb:Keating_Five_scandal
gptkbp:notablePerson gptkb:Neil_Bush
gptkb:Charles_Keating
gptkbp:numberOfFailedInstitutions over 1,000
gptkbp:regulates gptkb:Federal_Savings_and_Loan_Insurance_Corporation
gptkb:Resolution_Trust_Corporation
gptkbp:relatedEvent 1980s real estate bubble
Savings and loan association crisis in Texas
gptkbp:startDate 1980
gptkbp:totalCostToTaxpayers over $120 billion
over $160 billion (including interest)
gptkbp:bfsParent gptkb:Savings_and_Loan_Association
gptkbp:bfsLayer 7