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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Suicide of a Superpower: Pat Buchanan on the Death of Western Civilization , 4.8 out of 5 based on 14 ratings
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Suicide of a Superpower: Pat Buchanan on the Death of Western Civilization

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Peter Robinson sits with author, journalist and former presidential candidate, Patrick J Buchanan. From declining birth rates, to shifting values, to the decline of Christianity, Buchanan thinks Western civilization is falling apart. Buchanan is worried that the American melting pot has stopped assimilating immigrants the way it once did. Is America dying? Are you a racist if you think America is breaking apart? Find out.

See more at http://www.pjtv.com
 

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8 comments to Suicide of a Superpower: Pat Buchanan on the Death of Western Civilization

  • Excellent video. The free pdf at AbeBooks.com Born To lie: From The Birth certificate to health care also shows how and why America is fast adopting socialism and will one day be the United Socialist States of America.

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  • Pat, I love you and appreciate all that you do for the cause of American liberty.

    My one caveat, and it is a huge one, is your constant reference to religion, organized religion, faith without facts, obedience to an invisible and unknown fiction.

    I live my life in a way that attempts to help those in need, as much as possible, and I really don’t need some shaman (Pope) who does not know one iota about a god, or an afterlife than anyone else ever has, dictating to me, setting themselves as an intermediary to a deity that no one really knows even exists.

    And further, the damned Catholic religion is rife with child molesters by the thousands, and a recent Pope that did everything in his power to protect them. He knew the depth of their depravity, as before he was Pope he was responsible for every complaint, every lawsuit for these evil deeds, and he staunchly fulfilled the protection of these beasts and the church which has preyed upon children for centuries.

    What say you to that, Pat?

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  • Bill Lee

    Hurry up an die, “West.”

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  • Frank

    How did the native americans feel about uncontrolled immigration from Europe and the loss of their culture and values? Not a very pretty picture. Now it is the european americans turn. And to make it worse the ashkenazi banking and political elite are encouraging this process to forestall any resistance to their tribally oriented agenda.
    The is the unspoken elephant in the room. They want their slaves to be homogenous and free of any competing ideologies. Discuss.

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  • Markas

    Sorry, but the almost-imposed humanism of the church(es) established in the middle ages which was the entire basis of modern western civilization hasn’t really existed in the americas or the UK in any form since the advent of industrialization.

    The development of mercantilism, followed by what we now call “capitalism” (even though capital is now turned purely into wealth, rather than capital investment) was pretty much the nail in the coffin that buried it.

    We’re left with two easy solutions: Slaves to the owners, or a faceless socialism. There is no leader with the “stuff” to preserve liberty, or any of the gifts of the greeks, such as true democracy.

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  • SAM

    sorry but american no longer has any redeeming qualities. we are the supporters of every despotic government in the world and we are the most oppressive regime. ask the iraqis and the afghanis. I am very happy to know that amerikkka will soon go the way of previous evil empires. Good riddance.

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