Explain why the crisis required government intervention


In the 1980s, the S&L industry was in crisis and the crisis required government intervention. From 2007 to 2009 the mortgage-backed securities market was in crisis and that crisis also required government intervention. In what ways was the government intervention in the S&L crisis similar to its intervention in the 2007-2009 crisis? In what ways was the government intervention in both crisis different? Please provide a detailed answer.

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Finance Basics: Explain why the crisis required government intervention
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