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

User Mashta Gidi
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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.
User Accatyyc
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