Savings and loan associations' losses mounted after the stock market began to tumble in the late 1980s.

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The Savings and Loan Crisis, also known as the S&L Crisis, of the 1980's and 1990's was when there was a failure of 747 out of the 3,234 savings and loan associations in the United States. You can find more information on this matter in an encyclopedia. You can also purchase a book written on this subject at a book store such as Barnes and Noble.

deregulation of the industry and the subsequent expansion of savings and loans institutions into commercial real estate and junk bonds.