BTW my dim recollection was off by about 50%. Today's WSJ puts losses from the S&L crisis at $189B.
You're not like a cheap suit.
BTW my dim recollection was off by about 50%
No, your dim recollection was pretty close.
Today's WSJ puts losses from the S&L crisis at $189B.
Thanks for the link, but I don't see the $189B figure in there.
As of December 31, 1999, the thrift crisis had cost taxpayers approximately $124 billion and the thrift industry another $29 billion, for an estimated total loss of $153 billion. The losses were higher than those predicted in the late 1980s, when the RTC was established, but below those forecasted during the early to mid-1990s, at the height of the crisis.