Washington Mutual is the latest blowup in a checkered history of savings and loan disasters.
The officials who made the promise reneged, however, when the savings and loan crisis erupted.
Thirty years ago, the prosaic and government-subsidized savings and loan industry was on life support.
Further rattling financials, the Fed closed the book on Florida savings and loan BankUnited.
Contrast that with the savings and loan crisis that followed in the late 1980s and early 1990s.
Trouble at the Seattle-based savings and loan commonly known as WaMu has been brewing for some time.
Well, um, except for 2008, the savings and loan blow-up of the 1980s and the crash of 1929.
The Resolution Trust Corp. came to life in 1989 after the failure of the Federal Savings and Loan Insurance Corp.
Washington Mutual, the nation's largest savings and loan, said the ongoing credit troubles could affect its ability to issue loans.
Taxpayers in effect stand behind such schemes, just as they eventually had to stand behind America's savings and loan industry.
Clinton has said she did only minimal work for Madison Guaranty, the failed savings and loan of her investment partner.
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It raised the capital gains tax just before the savings and loan meltdown and high interest rates would slow the economy.
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There was the Chrysler bailout of 1979, the savings and loan bailout of 1989, and the airline bailout of 2001, among others.
The U.S. savings and loan shakeout of the late 1980s culled out lenders with lax standards at least until the subprime mortgage crisis.
McCain had attended meetings with savings and loan regulators investigating his friend and campaign contributor Charles Keating, who later went to prison.
In New Mexico a savings and loan closed its doors with the collapse of a solar panel tax shelter it had helped finance.
Following the savings and loan crisis, the Resolution Trust Corp. conducted forensic audits and barred firms found to have misbehaved from further work.
You have Obama running this 13-minute Web video about McCain's connections to the villain of the 1980 savings and loan scandal, Charles Keating.
Using information from similar programs in India, a savings and loan program was set up and is run by women in the settlements.
In the thick of the savings and loan debacle, FSLIC was swamped by the collapse of 296 thrifts in a short span of time.
One idea that's getting a lot of attention right now is a government bailout similar to the one in the savings and loan debacle.
This is something that the bureau started doing as a matter of course during the savings and loan crisis of the 1980s and 1990s.
He also called for creation of a new agency modeled after the Resolution Trust Corp. that handled the fallout from the savings and loan crisis.
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The biggest insurance company in the world totters on the brink, and savings and loan giant Washington Mutual had its credit ratings cut to junk.
Obama's campaign retaliated with a 13-minute online "documentary" that detailed McCain's involvement with the so-called "Keating Five" and the savings and loan crisis of the 1980s.
Such a situation is a formula for yet another taxpayer bailout of willfully mismanaged enterprises, not unlike that involved in the ongoing savings and loan fiasco.
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Winstar case, in which he successfully argued that the federal government violated contracts with certain banks by changing accounting rules during the savings and loan crisis.
In other banking crises, including the collapse of America's savings and loan associations (thrifts) in the 1980s, a simple but effective model has usually been adopted.
Savings and loan institutions, recent victims of the flat yield curve with huge redemptions in outstanding fixed-mortgage paper, will be able to operate at wider spreads.
In our consolidated balance sheet these shares are carried at cost rather than market, since they are owned by Mutual Savings and Loan, a non-insurance subsidiary.
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