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Resource ID: #19241
Subject: Savings And Loans
Source: New York Times
Affiliation: 
Date: 11/22/98

Description

The savings and loan scandal had some lasting impact in the late 90s. In 1996, the Supreme Court ruled that the Federal Government had betrayed investors by changing the rules of the bailouts at the height of the crisis. The cost of that decision was to be decided by lower Federal courts and it could be as much as $50 billion.

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