Special Report: The Savings and Loan Crisis


Subject:
Finance , Banks & Credit Unions

Description:
This 1989 article discusses the savings and loan crisis of the 1980s, in which "[d]evastated by a legacy of bad management, rampant fraud and inept Government supervision, more than 500 of the 3,150 federally insured thrifts had fallen into insolvency as of the beginning of last year [1988]." Topics addressed include the "long-awaited bailout plan ... that will cost an estimated $126 billion during the next decade." From Time magazine.

Creator:
Rudolph, Barbara; Bolte, Gisela; Hornik, Richard; McCarrol, Thomas

Publisher:
Time Inc.

Language:
English

Source:
http://www.time.com/time/magazine/article/0,9171,957083-1,00.html


PID= res:lii-26931