Page 14 - Development Loans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> savings and loans were sleepy little mom-and-pop banks. >> and they could do a lot more than banks. they were under less regulation, if you will. >> jim mcdougal bought madison guaranty savings and loan and began engaging in development loans, loans to help people build properties. >> there weren't a lot of rules in place, and you could loan on anything. >> as he did, he got in way over his head and began to engage in corrupt loans. >> suddenly, the de-regulation gates were open to loan money on anything and everything and to everybody. >> the savings-and-loan revolution freed up a lot of f...

Uned states, they have savings & loan associations. >> savings & loans were sleepy little mom and pop banks. >> they could do a lot more than banks. they were less regulation, if you will. >> jim mcdougal bought madison guaranty savings & loan, and began engaging in development loans. loans to help people build properties. >> there weren't a lot of rules in place. and you could loan on anything. >> as he did, he got in way over his head and began to engage in corrupt loans. >> suddenly the deregulation dates were open to anyone lending on anything and everything and to everybody. >> the saving...

Little mom-and-pop banks. >> and they could do a lot more than banks. they were under less regulation, if you will. >> jim mcdougal bought madison guaranty savings and loan and began engaging in development loans, loans to help people build properties. >> there weren't a lot of rules in place, and you could loan on anything. >> as he did, he got in way over his head and began to engage in corrupt loans. >> suddenly, the de-regulation gates were open to loan money on anything and everything and to everybody. >> the savings-and-loan revolution freed up a lot of folks to buy into these s-and-l's ...