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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CIA Agents Reveal Secrets of the CIA (Full Version), 3.9 out of 5 based on 58 ratings
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CIA Agents Reveal Secrets of the CIA (Full Version)

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“The CIA is a state-sponsored terrorist association. You don’t look at people as human beings. They are nothing but pieces on the chessboard.” — Verne Lyon, former CIA agent in revealing documentary “Secrets of the CIA”
In this riveting exposé, five former CIA agents describe how their initial pride and enthusiasm at serving their nation turned to anguish and remorse, as they realized that they were actually subverting democracy and killing innocent civilians all in the name “national security” and promoting foreign policy agendas.

A Notre Dame football star, an aerospace engineering senior at Iowa State, an attractive high school graduate, a young patriot, and an Olympic shooting champion all were recruited by the CIA at a young age. These five brave individuals risk retaliation in revealing the story of their gradual disillusionment and finally defection from the CIA, as they eventually became convinced beyond a shadow of a doubt that they were serving neither democracy, nor the people of their country.

The Olympic shooting champion describes being put in charge of overthrowing the democratically elected government of Guatemala. The patriot relates his deep remorse for his direct responsibility in the deaths of numerous innocent people for which he can never make amends. The pretty high school graduate describes how her initial addiction to power and intrigue turned to disgust and horror. This powerful documentary is a rare and remarkable look at the results of unbridled secrecy and the lengths to which some elements in government will go to achieve questionable foreign policy goals.

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CIA Agents Reveal Secrets of the CIA (Full Version), 3.9 out of 5 based on 58 ratings

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