Federal Reserve History traces the US savings and loan crisis of the 1980s to interest-rate pressures, risky decisions and supervisory weaknesses. Closures and reforms extended over years.
The Resolution Trust Corporation closed 747 institutions with more than $407 billion in assets; the eventual taxpayer cost was estimated at up to $124 billion. Those are historical nominal figures, not estimates for a present crisis.
The episode is comparable with 2007–09 in credit fragility and the public response, but the institutions, financial instruments, international transmission and rules differed.