Problem:
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.
Required:
Question 1: In what ways was the government intervention in the S&L crisis similar to its intervention in the 2007-2009 crisis?
Question 2: In what ways was the government intervention in both crisis different?
Note: Provide thorough explanation of every question given in the problem.