Financial crises get triggered about every 10 years
During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion.
In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. — Long-Term Capital Management (LTCM).
Exactly a decade later, too much leverage by some of those very institutions, and the bursting of a U.S. real estate bubble, led to the near collapse of the U.S. financial system.
Once again, big banks were deemed too big to fail and taxpayers came to the rescue.
MarketWatch 5 April 2021
The Savings and Loans Bailout
https://www.internetional.se/sandl.htm
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