Detailed text transcripts for TV channel - CNN - 20170129:06:35:00
Its our money. >> this year, a record 260 banks will go bust. thats almost 800 in the past five years. bad loans to the third world. bad loans to the oil industry. 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 shi...
Real Estate Developers Oil Industry Third World Real Estate Market Federal Deposit Insurance Savings And Loan Association
Source: news source