From Buildings and Loans to Bail-Outs
A History of the American Savings and Loan Industry, 1831–1995
by:
David L. Mason
in:
Economics
Summary:
The book chronicles the evolution of the U.S. savings and loan industry over a span of more than 160 years, detailing its growth, the regulatory changes, and the challenges it faced, including the savings and loan crisis of the 1980s. It provides an in-depth analysis of the industry's impact on American finance, housing, and the broader economy, as well as the governmental responses to its failures.
Key points:
1. S&L Evolution: Mason traces the S&L industry's growth from small home-financing groups to complex institutions, noting their key role in supporting home ownership and the housing market.
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