Credit market mayhem parallels the S&L crisis

In the 1980s and early 90s, a collapse in the Southern U.S. real estate market trigged what’s known as the Savings and Loan Crisis. In that debacle, US$151 billion of Thrifts were ultimately bailed out by the Federal Deposit Insurance Corp.; US$75 billion of that went to Texas-based institutions alone. The 2007 crash [...]