Essays on Savings And Loan

The Savings and Loan Crisis, or commonly known as S&L, is termed as one of the largest financial crisis in the United States history. The crisis began in the late 1970s, and its impacts on the economy were felt in the 1980s and ended in the early 1990s. Various sources have indicated the causes of the S&L crises. Some of the documented reasons include high and volatile interest rates during the period, the phase-out and its elimination, negative regional economic conditions, and federal and state deregulation of depository institutions. Other reasons include deregulation of the thrift industry, declining regulatory ...

The Savings and Loan Crisis, or commonly known as S&L, is termed as one of the largest financial crisis in the United States history. The crisis began in the late 1970s, and it impacts on the economy was felt in the 1980s and ended in the early 1990s. Various sources have indicated the causes of the S&L crises. Some of the documented reasons include high and volatile interest rates during the period, the phase-out and its elimination, negative regional economic conditions, and federal and state deregulation of depository institutions. Other reasons include deregulation of the thrift industry, declining regulatory ...

John A. Allison Lecture

at Troy University

Economics: Financial Crisis John A. Allison Lecture

John A. Allison is the former Chairman and CEO of BB&T Corporation. He is a Federalist and admires Ann Rand the author of “Atlas Shrugged.” His favorite book is “Atlas Shrugged.” He listed many reasons for the financial crisis.

He said that the financial crisis is the fault of the government. He blamed the government for creating a bubble that burst. In his opinion the independent financial institutions that were bailed out should have been allowed to fail. He is very disappointed in the government’s actions because he said, “ ...