The S&L meltdown came later...after regulations were relaxed-the late 80’s and early 90’s. I was there, but if you were not...google is your friend.
Somehow "responsibly" followed by "meltdown" just doesn't make sense. It doesn't fit with post 27 either:
"..fall 1982. Southern Industrial Banking Corp a S&L uninsured. People lost entire life savings. The other was United American Bank of Tennessee FDIC insured. The first ran by CH Butcher Jr the second by brother Jake Butcher. They cooked the books between the two institutes and dummy corporations. this was also the scandal Harold Ford Sr was linked to."