X-Nico

unusual facts about Savings and Loan Crisis


Lance Ito

In 1992, he presided over Charles H. Keating Jr.'s trial in the savings and loan scandal; Keating's 10-year sentence was later overturned on appeal because Ito had neglected to instruct the jury to determine whether Keating intended to defraud investors.


Chrysler LH platform

The US economy slipped into a recession following the 1987 Black Friday stock market crash and the Savings and Loan Crisis, but the company's main problems were due to a lack of engineering innovation and careless spending during the years of prosperity in the 80s.

Potential future exposure

These sorts of trades are behind most major collapses in the past 30 years - including much of the savings and loan crisis of the 1980s, Kidder Peabody, Enron, AIG, Lehman and even recent (relatively small) losses at JP Morgan.


see also