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英语翻译
Deregulation in the early 1980s lifted interest also rate restrictions,allowing S&Ls to compete in the marketplace for short-term funds.But their long-term asset structure its predominantly fixed-rate returns limited the cost increases for liabilities that S&Ls could afford.Moreover,after years of being in a safe market niche of home mortgages S&Ls suddenly found they had to compete directly with banks for funds and asset allocations.Many such savings institutions were simply not up to the task.
Deregulation in the early 1980s lifted interest also rate restrictions,allowing S&Ls to compete in the marketplace for short-term funds.But their long-term asset structure its predominantly fixed-rate returns limited the cost increases for liabilities that S&Ls could afford.Moreover,after years of being in a safe market niche of home mortgages S&Ls suddenly found they had to compete directly with banks for funds and asset allocations.Many such savings institutions were simply not up to the task.
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