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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unfortunately you are correct
i am very much old enough to remember 1990 - few years older than you even!
BUT i really don't remember the impact of the S&L crisis - had no business or assets to speak of so didn't personally affect me.