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S & L Bailout

ID Number: 1199
Maker: Mariona Barkus
Technique: offset
Date Made: 1989
Place Made: United States: California, Los Angeles
Measurements: 43.2 cm x 28 cm; 17 in x 11 in
Main Subject: Poverty; Housing
Materials: paper (fiber product)
Digitized: Y

Full Text:
S & L Bailout Washington, D.C. - The Resolution Trust Corporation was established by the U.S. Congress to reign in the Savings and Loan Industry which became notorious for reckless investments in junk bonds and speculative real estate. The RTC is trying to salvage failing Savings and Loans throughout the U.S. through reorganization, selling off of insolvent institutions and their foreclosed properties, and generally tidying up an industry that ran amok. Although the Bush Administration estimates costs of $93 billion to $103 billion, others estimate the total bailout to run to $500 billion or more, including interest, paid out over the next 30 years. Illustrated History--1989 © 1989 Mariona Barkus

Acquisition Number: 1993-111

Copyright Status:
Under copyright; used by CSPG with permission.

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