Banks collapse, savings and loans get bailed out

Does this sound like recent headlines?

Unfortunately, problems in the banking sector are not new in our system. The charts below show the Savings and Loans scandals of the 1980s, and how many banks closed due to problems stemming in part from relaxed regulations.

Conservative or liberal, we can all agree that taxpayers lose the most when greed is left entirely unchecked.

Published in: on April 19, 2009 at 8:45 pm  Leave a Comment  
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