Congress became involved in accounting issues again during the savings-and-loan crisis of the late 1980s.
During the savings-and-loan crisis of the 1980s, bank regulators lurched from laxity to zealotry.
The organizational chart of the system will look very much like that created to manage the savings-and-loan bailout.
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Mr McCain accepted campaign donations and trips on a jet from Charles Keating, a fraudster whose savings-and-loan later collapsed.
"Good bank, bad bank" is a throwback to the Depression era--and to the savings-and-loan crisis of the late 1980s.
China has adopted the model of America's Resolution Trust Corporation, which took on the loans of bankrupt savings-and-loan companies.
He'd met with savings-and-loan regulators on behalf of a friend and campaign contributor, Charles Keating, who later went to prison.
Wouldn't you like to know how big it is, in constant dollars, compared with the savings-and-loan crisis of the late 1980s?
Mr Obama hit back with a long web ad detailing Mr McCain's involvement in the savings-and-loan scandal of the 1980s.
First, savers provide money indirectly to borrowers through intermediaries, such as banks, savings-and-loan associations (building societies), mutual funds and pension funds.
The nearest historical comparison we have is the savings-and-loan crisis of 1986--95.
Back then Austin was still reeling from the Texas savings-and-loan collapse.
In that auction, the government's Asset Management Company similar to the Resolution Trust Corporation that cleaned up America's savings-and-loan mess will be allowed to bid.
Several of these had learnt specialist skills in so-called loan workouts during the savings-and-loan crisis and, later, when leveraged buy-outs were all the rage in America.
In past bailouts, including the Resolution Trust Corp. formed in 1989 to help resolve the savings-and-loan crisis, the ultimate taxpayer cost was magnitudes larger than originally projected.
Yet the possible role of fraud seems to have received far less scrutiny than after past financial debacles, such as the savings-and-loan crisis and the Enron bankruptcy.
Talk was tough, too, after the savings-and-loan crisis of the 1980s, but then we started living the good life again and nobody likes to spoil a party.
John Mauldin, publisher of an investment newsletter, points out that during America's 1980s savings-and-loan crisis, bottom-fishers could net perfectly good mortgages for 15 cents on the dollar.
United States, a lawsuit by shareholders in Meritor, a Philadelphia savings and loan the FDIC seized and liquidated at the tail end of the savings-and-loan crisis in 1992.
Urge countries to do as we did with our savings-and- loan debacle: Set up government entities to take over bad loans from the stricken banking system, and make individual depositors whole.
America's savings-and-loan fiasco of the 1980s was, after much dithering, eventually contained in less than three years by the government's Resolution Trust Corporation, which was charged with disposing of bust institutions' assets.
This worked well after the 1980s savings-and-loan crisis.
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For advice, it sought out former regulators from the Resolution Trust Corporation, charged in the 1980s with cleaning up America's savings-and-loan (thrift) crisis, and from Securitas, which handled Sweden's banking crisis in the early 1990s.
Eventually, he will probably follow Mr Morales in trying to turn Mr Sanchez's business experience against him: one of his Laredo banks failed in the 1980s savings-and-loan scandal, and he was investigated for laundering drug money.
But the times were so good no one complained, even as the temperature reached the low 90s, according to the marquee of a savings-and-loan across the street (which later failed, more proof that booms turn to busts).
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The FDIC has dropped its appeal of an 18-year-old lawsuit alleging it moved too hastily to close Meritor, a Philadelphia savings and loan the FDIC seized and liquidated at the tail end of the savings-and-loan crisis in 1992.
Mr Cassidy expects around 150 banks to go bust over the next two to three years, a small fraction of the number that failed in the savings-and-loan crisis of the 1980s and 1990s but a sharp rise all the same: just three have folded in the past three years.
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This has not been the first instance of government heavy-handedness--to wit, government's determination to punish innocent and guilty alike in the savings and loan debacle, the multibillion-dollar robbery of Texaco and the astronomically large damage awards meted out against some companies, such as McDonald's, when a customer successfully sued the fast-fooder for selling hot coffee that she spilled on her lap.
Thirty years ago, the prosaic and government-subsidized savings and loan industry was on life support.
Anyone who has studied or lived through the financial panics of 9-11-2001, the 1998 collapse of Long Term Capital Management, the 1989-1991 savings and loan disaster and the 1994 Mexican peso devaluation can remember that they were similar in magnitude.
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