The U.S. banking revolution Which of the following statements are true of the savings and loan crisis of the 1980s and early 1990s? Check all that apply. Ultimately, taxpayers benefited from the federal bailout of the failed institutions. The savings and loan crisis was directly related to the Monetary Control Act of 1980. After the Monetary Control Act of 1980, interest rates on short-term deposits decreased. El During the crisis, savings and loan associations (S&Ls) sought more long-term home mortgage loans.