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Paperback The Great Savings and Loan Debacle (Special Analysis, 91-1) Book

ISBN: 0844770086

ISBN13: 9780844770086

The Great Savings and Loan Debacle (Special Analysis, 91-1)

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Book Overview

During the 1980s, 525 insolvent savings and loans (S&Ls) were liquidated or sold at an enormous cost. Resolving the remaining troubled S&Ls could cost American taxpayers hundreds of billions. What went wrong with the industry? Are fraud and deregulation solely responsible for this financial disaster?

In this volume the author argues that federal deposit insurance itself is largely to blame: by permitting institutions to operate with inadequate...

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