How did government deregulation affect savings and loans banks?

Government deregulation in the 1980s significantly impacted savings and loan banks by allowing them to engage in riskier investments and expand their lending practices. This led to increased competition and profit-seeking behavior, but also resulted in mismanagement and financial instability. The lax regulatory environment contributed to the savings and loan crisis, culminating in the failure of many institutions and requiring costly government bailouts. Ultimately, deregulation shifted the landscape of the financial industry, highlighting the need for more robust oversight.