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The savings and loan crisis is documented in Wikipedia under "Savings and Loan Crisis." It lacks a clear beginning date, but if we take a time frame of 1980 to 1990, this would include Presidents Carter (leaving office in Jan 20, 1981), Reagan (leaving office in January 1989), and Bush, Sr. (leaving office in January 1993). By 1980, there were serious problems with the S+L's. Exactly when the problem rose to the level of a crisis is not easy to state, but the use of Federal money to bailout the industry (Resolution Trust Corporation) began in January 1, 1989, so technically Reagan was still President. Thus, it was the Bush administration that over saw much of the bailout by RTC. I believe it was still operating when Clinton came into office in Jan 1993.

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16y ago

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