| Spread management became a problem and disintermediation threatened the viability of some thrifts. |
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| It oversees banks and thrifts, manages the nation's money, and influences the economy. |
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| Large thrift banks in California imitated market entries of other large thrifts. |
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| The nation's banks and thrifts have increasingly staked their loan portfolios on the mortgage and home-equity businesses. |
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| Nonfinancial borrowing from banks and thrifts has fallen since the mid-1970s to a modem-day low of 22 percent and 9 percent respectively. |
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| The Resolution Trust Corp., which disposed of the failed thrifts, had a simpler task because the banks were already in receivership. |
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| A decade ago, thrifts got themselves into trouble because they made residential and commercial real estate loans for inflated amounts to borrowers who could not pay. |
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| The thrifts were looted by borrowers, who used inflated appraisals and phony financial statements to obtain funds they had no hope of paying back. |
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| This rootbound philosophy has been an industry cornerstone for decades, established in the days when only thrifts made mortgages and commercial banks did everything else. |
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