Chiefly due to misstep with FDIC and poorly proposed bills. One of these bills allowed For S&L corporations to essentially run wild and pay for riskier projects which, when not returned, was payed off with tax money. Fraud was also often committed. These factors resulted in a 3rd of S&L offices failing, only being resolved by the FIRREA, which was a total rework of the system. Many speculate this event to directly tie in with the 2008 recession.