TITLE

The 100 grand illusion

AUTHOR(S)
Miller, M.
PUB. DATE
July 1990
SOURCE
Washington Monthly;Jul/Aug90, Vol. 22 Issue 6/7, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the reason federal deposit insurance has led to the savings and loan crisis, by transferring all credit risk to the taxpayer. Statistics; Basic banking structure; Impact of inflation; Ponzi-style risks; Lack of government supervision; Highlights of S&L bill; Political obstacles facing reform; Suggestions for cleaning up federal deposit insurance.
ACCESSION #
9008132195

 

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