CH14 - SC

CH14 - SC - THRIFTS SAVINGS INSTITUTIONS SAVINGS...

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THRIFTS SAVINGS INSTITUTIONS SAVINGS ASSOCIATIONS SAVINGS BANKS CREDIT UNIONS SEE FIG 14-1 (p. 421)
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SAVINGS INSTITUTIONS SAVINGS & LOAN ASSOCIATIONS ASSETS RESIDENTIAL MORTGAGE LENDING LIABILITIES DEPOSITS SAVINGS BANKS: ASSETS RESIDENTIAL MORTGAGE LENDING + COMMERCIAL LENDING
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OWNERSHIP MUTUAL STOCK
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THRIFT CRISIS IN THE LATE 1970s, EARLY 1980s, THEIR COST OF FUNDS (SHORT- TERM DEPOSITS) ROSE MORE SHARPLY THAN THEIR RETURNS ON LONG-TERM ASSETS (FIXED- RATE MORTGAGES) AS INTEREST RATES , THE VALUE OF THEIR ASSETS MANY SAVINGS ASSOCIATIONS
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THRIFT CRISIS EVEN THOUGH MOST THRIFTS WERE INSOLVENT , THE GOVERNMENT DID NOT LIQUIDATE THEM THRIFTS WERE ALLOWED TO INFLATE EARNINGS AND ASSETS
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RAPs BOOK VALUE ACCOUNTING REPORTED ASSETS AT FACE VALUE (EXCEPT INVESTMENT SECURITIES) APPRAISED EQUITY CAPITAL ADJUSTMENTS LAND AND BUILDING APPRECIATION AS NET WORTH SWAPS
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IN 1989, CONGRESS FINALLY RECOGNIZED THE PROBLEMS
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CH14 - SC - THRIFTS SAVINGS INSTITUTIONS SAVINGS...

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