Congress, Regulators, RAP, in addition to Savings and Loan Debacle
Legislative and regulatory policies extended and in the end heightened the issues of this cost cost savings and loan industry. The “Alice in Wonderland” regulatory accounting maxims (RAP) utilized by the regulators contributed to your tragedy.
It’s estimated that the cost of the cost cost cost savings and loan debacle shall price taxpayers $183 million plus interest. Continue reading “Congress, Regulators, RAP, in addition to Savings and Loan Debacle”