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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The Atomic Cafe, 4.2 out of 5 based on 6 ratings
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The Atomic Cafe

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One of the defining documentaries of the 20th century, THE ATOMIC CAFE (1982) offers a darkly humorous glimpse into mid-century America, an era rife with paranoia, anxiety, and misapprehension. Whimsical and yet razor-sharp, this timeless classic illuminates the often comic paradoxes of life in the “Atomic Age,” while also exhibiting a genuine nostalgia for an earlier and more innocent nation.

Narrated through an astonishing array of vintage clips and music–from military training films to campy advertisements, presidential speeches to pop songs–the film revolves around the threat–and thrill–of the newly minted atomic bomb. Taking aim at the propaganda and false optimism of the 1950s, the film’s satire shines most vividly in the clever image splicing, such as footage of a decimated Hiroshima alongside cheerful suburban “duck-and-cover” routines. More than anything else, THE ATOMIC CAFE shows how nuclear warfare infiltrated the living rooms of America, changing the nation from the inside out.

Immensely entertaining and devilishly witty, THE ATOMIC CAFE serves up a revealing slice of American history: the legendary decade when we learned to live in a nuclear world.

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The Atomic Cafe, 4.2 out of 5 based on 6 ratings
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1 comment to The Atomic Cafe

  • tergium, helotov

    when they say it is equal to 50 tons of tnt well thats exactly what it is 50 tons of tnt.or equivalent in nitroglycerin which would be 1 ton or what ever but nuclear fission bombs are a hoax,what could you expect from the jew bomb.

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