The primary reason for the decline of the S&L industry was the passage of legislation that gave commercial lending powers to the SL industry.

Question

Quizplus · Accepted Answer

The primary reason for the decline of the S&L industry was not the passage of legislation that gave commercial lending powers to the industry, but rather a combination of factors including relaxed lending standards, fraud and mismanagement, and rising interest rates.

The Primary Reason for the Decline of the S&L Industry