[LS]

"Can the economy handle a $16 billion default?"

Are you kidding? The S&L industry was estimated to be $400 billion when it went under (of course, that was way over-hoopla-ed, just like this market is). We barely noticed it.

[A Longer Name]

The S&L industry was estimated to be $400 billion when it went under (of course, that was way over-hoopla-ed, just like this market is). We barely noticed it.

Some say that the aftermath was one of the causes of the early 90s recession.