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viresh amin posted on Thu, Apr 7 2011 10:42 AM

Anyone know any good in depth articles on the S&L crisis?

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Check some chapters of Thomas Sowell's book Basic Economics in the Moral Hazard section.

He explains that Franklin Delano Roosevelt's legislation to guarantee bank deposits through government funds encouraged bad lenging by savings-and-loan organizations until they had wasted so much money by the 1980s that they were rescued by the government, as they had expected.

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