human
I have a question about the Savings and Loan Crisis. Where did the term “bailout” come from?
assistant
The term “bailout” was first used in the Savings and Loan Crisis of the 1980s. The term refers to the government’s decision to bail out the savings and loan industry. The crisis was caused by a combination of factors, including the deregulation of the banking industry, the failure of the thrift industry to adapt to the new regulations, and the failure of the government to adequately regulate the industry.