Archive for March 18th, 2008
Media hat tip
18 March 2008In case you missed it, David Berman, the Market’s reporter at The Globe and Mail picked up on our “Credit market mayhem parallels the S&L crisis” blog post of earlier today. Here’s the link to his story.
AO
Credit market mayhem parallels the S&L crisis
18 March 2008In the 1980s and early 90s, a collapse in the Southern U.S. real estate market trigged what’s known as the Savings and Loan Crisis. In that debacle, US$151 billion of Thrifts were ultimately bailed out by the Federal Deposit Insurance Corp.; US$75 billion of that went to Texas-based institutions alone. The 2007 crash [...]