A strong argument can be made that the collapse of the U.S. savings and loan industry began when:

Question

Quizplus · Accepted Answer

The volatility of interest rates increased significantly in the 1970s, which impacted the profitability of the savings and loan industry. S&Ls held long-term, fixed-rate mortgages but had to pay increasing rates for short-term funding. This led to a mismatch between their assets and liabilities and caused financial instability for many S&Ls.

A Strong Argument Can Be Made That the Collapse of the U.S