Warning: Utilization of a Thrift Institution May Be Hazardous To Your Wealth
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Authors
Paterson, Kim E.
Issue Date
1990
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
The state of thrift institutions in the United States
is a tricky affair to analyze. It is no secret that thrift
failure has been a great fear of the banking community. Our
government has known for years that the thrift market was
unstable, draining taxpayer money. Through countless
legislative arrangements and rearrangements the government
of the United States has created the biggest banking scandal
in our country's history. Originating in the late 1920's,
thrift institutions were not state or federally regulated,
but regulation became a cure-all when these institutions
started to fail. Savings and Loan institutions have
incurred record losses since the Great Depression era and
had deposit insurance not been initiated the thrift industry
would have never survived. Yet after decades of
Congressional and banking regulation and legislation, the
thrift industry continues to falter. Even in changing
economic times, when the regulative and legislative trend
shifted towards deregulation, thrift institutions could not
keep their heads above water. and instead of resolving
thrift problems they simply made them worse.
Description
iii, 29 p.
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License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.