Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,088
- 36,131
Who said anything about laws? It's Republican crony oversight where the Republicans are a joke... After that you're just totally full of s***LOL. Perhaps the S&L bust was just a gigantic recession and meltdown of the banking system congratulations Miss the point much?No material thicker than dupe skull ...Yup. If you have a different definition of depression that actually fits the 1989 data, post it.
Because there was no depression in 1989. Moron.
Savings And Loan Crisis (S&L) - Investopedia
Investopedia › terms › sl-crisis
Widespread corruption and other factors led to the insolvency of the FSLIC, the $124 billion bailout of junk bond investments and the liquidation of more than 700 S&Ls by the Resolution Trust Corporation. The S&L Crisis is arguably the most catastrophic collapse of the banking industry since the Great Depression.
It all started with Depository Institutions Deregulation and Monetary Control Act of 1980 signed by Carter in order to help S&L to grow out of trouble that they were in already. It help them on a short run, and killed them later. Isn't that the way that every Democrat program works?
It started and ended with Republican regulation out of control as always d u h.
Right because Keating sent large campaign donations to Democrats because? Oh wait that screws up your narrative. Also the control of Congress was Democrat held in the House for 40 years and the Senate for 34 of the forty years but it was the Republican laws that got through Congress to cause the S&L problem? LOL! Your inability to look at both sides makes you the biggest dupe here, because I look at both sides and you ASSume it's the GOP's fault, pretty stupid thinking. You need to educate yourself, you don't know the what the definition of a Recession or a Depression is, you have no idea how government works and you just spew what ever the Democratic talking points tell you to spew. I can tell you were a teacher, you are basically clueless.
Perhaps the S&L bust was just a gigantic recession
Real Gross Domestic Product
Why don't you point out the giant recession (not a depression anymore?....DERP!) we had in 1989?