Detailed text transcripts for TV channel - CNN - 20170705:04:35:00
Bad loans to real estate developers. >> one of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, you rake in the profit. if it went poorly, then the federal government picks up the tab. >> with deregulation, the s&ls got into that commercial real estate market and lost their shirt. >> all over the united states, people were building projects for which there were no buyers, mile after mile of these partially completed condos. and theyre all...
Real Estate Developers Oil Industry Federal Deposit Insurance Ts Ls Real Estate Market Savings And Loan Industry
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