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Resource ID: #8714
Subject: Banks
Source: New Republic


New Republic alleges that Reagan administration officials held off taking action on the savings and loan crisis in the fall of 1988 until after the election; estimates the delayed action cost the country an extra $66 billion of the $500 billion bailout; also provides evidence for the claim that Bush is following a similar deferrment strategy in 1992 with weak banks, June 29, 1992.

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