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Special Report: The Savings and Loan Crisis URL: http://www.time.com/time/magazine/article/0,9171,957083-1,00.html 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. LII Topics: Banks & Credit Unions, Finance Author: Rudolph, Barbara; Bolte, Gisela; Hornik, Richard; McCarrol, Thomas Publisher: Time Inc. LII Database Information: Record 26931 created by Maria Brandt on 09/18/2008 Last modification on 09/24/2008 Published: 09/24/2008 Funding agency: California State Library LII Item ID: http://lii.org/cs/lii/view/item/26931 |
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