The Savings and Loan Crisis: Loss of Public Trust and theFederal Bailout, 1989-1993

The Savings and Loan Crisis: Loss of Public Trust and theFederal Bailout, 1989-1993

This publication provides a unique perspective on the unfolding S&L crisis and the federal government’s response. There are materials on the variouscauses, including deregulation, congressional attempts to “band aid” the “festering” S&L problem, and federal efforts to prop-up failing S&Ls,implementation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, federal seizure and liquidation of insolvent thrifts,prosecution of S&L management for fraudulent lending practices, and congressional support for a bailout. This publication consists of studies, analyses,testimony, talking points and news clippings which detail the origins of the S&L crisis and outlined solutions to the growing crisis in the late 1980s andearly 1990s. In essence, this publication provides an analysis of the causes and political perspectives on the Savings and Loan Crisis—What lessons didwe learn?

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