Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (42417)	12/22/2012 9:06:58 PM
From: Kirk ©	Read Replies (1) \| Respond to of 222204

you can look around on the net for more dates and background but... The SL crisis happened in the 80's didn't it? I think the last S&L failure as part of the crisis was 1995. As I said, I bought my house in a neighborhood I didn't think I'd ever be able to afford in 1994 as the housing market more-or-less collapsed (for the Bay Area a 20% pullback was huge). Prices here bottomed in 1995. en.wikipedia.org The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of about 747 out of the 3,234 savings and loan associations in the United States. and The Federal Savings and Loan Insurance Corporation (FSLIC), a federal government agency that insured S&L accounts in the same way the Federal Deposit Insurance Corporation insures commercial bank accounts, then had to repay all the depositors whose money was lost. From 1986 to 1989, FSLIC closed or otherwise resolved 296 institutions with total assets of $125 billion. An even more traumatic period followed, with the creation of the Resolution Trust Corporation in 1989 and that agency’s resolution by mid-1995 of an additional 747 thrifts.[19] ^ a b c Curry, Timothy; Shibut, Lynn. " The Cost of the Savings and Loan Crisis: Truth and Consequences." FDIC Banking Review. Dec. 2000. pp. 26-34.