Abstract
During the 1980s, the S&L industry experienced its worst performance since the 1930s. More than a thousand institutions failed and were resolved by regulators from January of 1980 through December of 1992 at an estimated present-value cost of nearly $130 billion. The resolution of additional troubled S&Ls will likely result in a final cost of $150 billion or more. These costs, when measured relative to the size of the industry in the 1980s, are actually greater than those incurred for S&Ls in the Great Depression.
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Barth, J.R., Hudson, C.D., Jahera, J.S. (1995). S&L Closures and Survivors: Are there Systematic Differences in Behavior?. In: Cottrell, A.F., Lawlor, M.S., Wood, J.H. (eds) The Causes and Costs of Depository Institution Failures. Innovations in Financial Markets and Institutions, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0663-4_2
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