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.