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Ranchhand
Posted 4/17/2010 22:06 (#1165595 - in reply to #1165302)
Subject: Oops, No S & L Failures?


West KY, Miss River County
You should remember "The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 747 savings and loan associations (S&Ls aka thrifts)."
Sen McCain had an encounter of the third type with Charles Keating and Lincoln Savings and Loan ... Their bubble burst, fines were paid and little jail time served.
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