Which fraud cost $500 billion, involved 1,700 banks that collapsed, and found criminal activity was a central factor in 70-80 percent of the cases?

Question

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The savings and loan scandal of the 1980s and early 1990s involved the collapse of 1,700 banks due to risky and fraudulent activities, costing taxpayers around $500 billion. Investigations found that criminal activities played a central role in a significant portion of these failures.

Which Fraud Cost $500 Billion, Involved 1,700 Banks That Collapsed