Are We Facing An Impending Ghost of the 1980s Savings and Loan Crisis?

The US Economy

An Op ed from American Enterprise Institute

A recent National Bureau of Economic Research Study highlighted the seriousness of the regional banks’ woes. It found that if interest rates remain close to their current levels and if the commercial real estate companies start defaulting on their loans, around 385 regional banks could fail. That, in turn, summons the ghosts of the early 1980s Savings and Loan Crisis.

 

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