Overview of the Savings and Loan crisis : learning from the past, preparing for the future / Curtis Lang ; interviewed by Dennis Bernstein.

Researcher and writer Chris Lang presents information about American financial institutions which he has uncovered while investigating Texas Savings and Loan failures. He begins by pointing out how the media seems to ignore financial crisis in election years, only investigating banking scandals in odd years. Lang then traces the actions of Joe Russeau, who declared bankruptcy only to buy back properties at an RTC sale at a dime on the dollar. Russeau was never prosecuted. Next, Lang discusses the financial dealings of the Bush family, particularly its conflict of interest in the Silverado episode. The government S & L bailout program, Lang continues, is rife with corruption. Lang concludes by warning that the events which followed the deregulation of the Savings and Loans are likely to follow with the deregulation of United States banking in December, 1992, and that the election of independent H. Ross Perot would signal financial ruin for the world economy.|OVERVIEW OF THE SAVINGS AND LOAN CRISIS : LEARNING FROM THE PAST, PREPARING FOR THE FUTURE / Curtis Lang| interviewed by Dennis Bernstein. - Researcher and writer Chris Lang presents information about American financial institutions which he has uncovered while investigating Texas Savings and Loan failures. He begins by pointing out how the media seems to ignore financial crisis in election years, only investigating banking scandals in odd years. Lang then traces the actions of Joe Russeau, who declared bankruptcy only to buy back properties at an RTC sale at a dime on the dollar. Russeau was never prosecuted. Next, Lang discusses the financial dealings of the Bush family, particularly its conflict of interest in the Silverado episode. The government S & L bailout program, Lang continues, is rife with corruption. Lang concludes by warning that the events which followed the deregulation of the Savings and Loans are likely to follow with the deregulation of United States banking in December, 1992, and that the election of independent H. Ross Perot would signal financial ruin for the world economy. - RECORDED: KPFA, 1992.