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Describe the causes and consequences of the Savings and loan crisis in US, 1986-1995. a. What part did inflationary policy played? b. What was the

Describe the causes and consequences of the Savings and loan crisis in US, 1986-1995. a. What part did inflationary policy played? b. What was the role that different interest rates S&Ls received and paid? c. What can you say about the role of welfare policy? d. What can you say about the implications of the Vietnam war? e. Can you provide evidence or hints of regulatory capture? If so, use Carpenter and Mosss golden rule.

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