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FDIC Banking Review


Editor's note: Footnote 2 of this article references an American Banker commentary by Kenneth H. Thomas in which he stated "The public did not realize the monster Congress created until taxpayers got the roughly $500 billion bill for bailing out the thrift industry." Subsequent to publication, Mr. Thomas informed us the $500 billion figure was a typographical error and that he meant to write $150 billion, a figure he has used in previous articles and more in concert with the cost of the S & L crisis calculated in this article.

Last Updated 02/15/2001 Questions, Suggestions & Requests