Episode 242 The LEADERSHIP of GEORGE BUSH (Part 13) The Savings and Loan Debacle

BOB DOLE : 1995 Clinton's Comeback · Dec 7, 2023 · 47m

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In this episode we look as President George H. W. Bush looks head on into one of the most expensive financial disasters the nation had seen up to that point. The Savings and Loan industry had long since operated without the same constraints as normal banking operated under and it led to a meltdown for investors and those who had deposited money in them in 1989 just after President Bush tool office.

He could have let it collapse and done nothing, which actually would have been a popular position but instead he stepped up to the plate and bailed out the industry. He did so by…