... with regional supervisory personnelhave indicated that Arizona, California, Florida, and Texas were states where banks wereChapter 4 The Savings and Loan Crisis The Savings and Loan Crisis and ... regulators and if the regulators have the ability to hire, train, and retain qualified staff. In this regard, the bank regulatory agencies need to remain politically independent. Third, the regulators ... limit growth and raise capital levels at commercial banks and mutual savings banks. But both banks and S&Ls, and their regulators, got caught up inboom -to- bust real estate cycles. In the...