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

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 4.3/5 (10 votes cast)

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.

 

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 4.3/5 (10 votes cast)
War on Whistleblowers, 3.6 out of 5 based on 13 ratings
< |||| > 1 2 3 4 5

War on Whistleblowers

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 3.6/5 (13 votes cast)

2013 – A film on historical and current whistle-blowers who have uncovered secret government programs, corrupt officials, and spying on the American people. Whistle-blowers play a key role in balancing out a government that likes to keep secrets and coverup its mistakes.

 

VN:F [1.9.22_1171]
Have Your Say! Rate This Film!
Rating: 3.6/5 (13 votes cast)
War on Whistleblowers, 3.6 out of 5 based on 13 ratings

2 comments to War on Whistleblowers

What Did You Think? Leave a Reply

Republic Broadcasting Live Stream