[bronxboy]

I lived through the 80’s, it was not as bad, and no the banking system was not on the verge of collapse. Back then, there were regulations in place...the banks acted more responsibly.

[DaGman]

"Back then, there were regulations in place...the banks acted more responsibly."

Exactly. We would not be going through this, or maybe no where near as severely had the banks been so naively left to regulate themselves.

[Proud_texan]

"Back then, there were regulations in place...the banks acted more responsibly."

I reckon that's why 574 failed in 1989 alone with, what, about 2,000 failing during the entire S&L meltdown?