Comment: The Savings and Loan Crisis killed them on purpose.

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The Savings and Loan Crisis killed them on purpose.

"The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States. A savings and loan or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members – a cooperative venture known in the United Kingdom as a building society. In 1995, the RTC had closed 747 failed institutions, worth a book value of $402 billion, with an estimated cost of $160 billion.[1] In 1996, the General Accounting Office estimated the total cost to be $370 billion, including $341 billion taken from taxpayers.[2]"

https://en.wikipedia.org/wiki/Savings_and_Loan_Crisis