Many S&Ls failed in the late 1970s and early 1980s when they lost most of their depositors to Fannie Mae and Freddie Mac.

Question

Quizplus · Accepted Answer

S&Ls failed in the late 1970s and early 1980s due to a combination of factors, including rising interest rates, bad loans, and speculative investments. Fannie Mae and Freddie Mac did not become significant players in the mortgage market until the mid-1980s.

Many S&Ls Failed in the Late 1970s and Early 1980s