Quote:
Originally Posted by SweetT
Unless you are WAY younger than I thought you were then you saw the failure of the S&L's in 1990. We are talking about 750 banks going belly up to the tune of more than $160 BILLION dollars (in todays money thats more than $250 BILLION). At the same time new home construction dropped IN HALF to the lowest point since WWII.
It was a tough time in America...but like everything before it....we got over it. ;)
--T
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i remember I got laid off from mercedes benz and worked multiple shits jobs for a year and half til the job market opened up again. One the thing we should remember from the S&L crisis is Mccain protected charles keating and it costed the american people 2.5 billion dollars.The law firm keating founded gave 50k to John Mccain campaign for president.