The Savings and Loan Banking Crisis: George Bush, the CIA, and Organized Crime

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1992 – The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States. A savings and loan or “thrift” is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members—a cooperative venture known in the United Kingdom as a Building Society. “As of December 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion.” The remainder of the bailout was paid for by charges on savings and loan accounts — which contributed to the large budget deficits of the early 1990s.

The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–91 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.

 

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A River of Waste (Full Version), 4.7 out of 5 based on 3 ratings
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A River of Waste (Full Version)

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A heart-stopping (2008) documentary, A RIVER OF WASTE exposes a huge health and environmental scandal in our modern industrial system of meat and poultry production. Some scientists have gone so far as to call the condemned current factory farm practices as “mini Chernobyls.” In the U.S. and elsewhere, the meat and poultry industry is dominated by dangerous uses of arsenic, antibiotics, growth hormones and by the dumping of massive amounts of sewage in fragile waterways and environments. The film documents the vast catastrophic impact on the environment and public health as well as focuses on the individual lives damaged and destroyed.


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A River of Waste (Full Version), 4.7 out of 5 based on 3 ratings
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