Abstract
The terms savings and loan associations (S&Ls) or thrifts—the culprits of the savings and loan crisis—refer to financial institutions that specialize in accepting savings deposits and making loans, especially residential mortgages and consumer loans. Not more than 20 percent of their loans can be commercial, and anything over 10 percent has to be small business loans.1 They can be under private ownership or be jointly owned by their depositors, similar to credit unions. In some cases, their shares are tradable.
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© 2014 Ranajoy Ray Chaudhuri
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Chaudhuri, R.R. (2014). The Housing Market and the Savings and Loan Associations Crisis: The 1980s. In: The Changing Face of American Banking. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137361219_8
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DOI: https://doi.org/10.1057/9781137361219_8
Publisher Name: Palgrave Macmillan, New York
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