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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (282237)7/31/2002 10:25:19 AM
From: DavesM  Read Replies (1) of 769670
 
First of all, I may be wrong, but I don't believe that the S&L's were covered by FDIC. Second, while depositors were made whole (in Federally chartered S&L's) stockholders (of S&L stock) were not. Third, the banking system would have probably failed, if the Government hadn't made an attempt to protect large depositors.
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