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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (16919)10/17/2007 5:34:54 PM
From: Brumar89  Read Replies (1) | Respond to of 224748
 
The first go around of S&L deregulation began under Carter. It continued under Reagan. When Reagan took office, most S&L's were already losing money. The industry had been damaged by disintermediation - remember that word? - back in the '70's. The deregulation was an attempt to allow them to cope. A lot of them ultimately failed. Incompetent management was a bigger problem than fraud.


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