ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes, I understand this from the notes
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No, I don’t understand this from the notes
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No, I don’t understand this, as I have not read the notes
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None of the above
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Detailed explanation-1: -In the 1980s, investment bankers had shed their stodgy image. In its place was a reputation for power and flair, which was enhanced by a torrent of mega-deals during wildly prosperous times.
Detailed explanation-2: -The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1, 043 of the 3, 234) savings and loan associations (S&Ls) in the United States from 1986 to 1995.
Detailed explanation-3: -A rapidly-changing bank regulatory environment, increased competitive pressures, speculation in real estate and other assets by thrifts, and unstable economic conditions were major causes and aspects of the crisis.
Detailed explanation-4: -During the 1980–94 period, 1, 617 FDIC-insured commercial and savings banks were closed or received FDIC financial assistance (see table 1.1). This number was 9.14 percent of the sum of all banks existing at the end of 1979 plus all banks chartered during the subsequent 15 years.