Steven Pizzo, author of "Inside Job," provides an update on the Savings and Loan crisis. The National Treasury, he points out, is $500 billion short owing the bailout, and the Resolution and Trust Corporation as assets worth $300 billion which it can not sell off fast enough to help with the debt. Pizzo goes on to provide a history of the Savings and Loan crisis, which started in 1979; a detailed discussion of the Keating Five case; the efforts to deregulate banks, which would cause the same problems all over again; and the impact of deregulation upon the American public.|UPDATE ON THE SAVINGS AND LOAN BAILOUT / Steven Pizo| interviewed by Dennis Bernstien. - Steven Pizo, author of "Inside Job," provides an update on the Savings and Loan crisis. The National Treasury, he points out, is $500 billion short owing the the bailout, and the Resolution and Trust Corporation as assets woth $300 billion which it can not sell off fast enough to help with the debt. Pizo goes on to provide a history of the Savings and Loan crisis, which started in 1979| a detailed discussion of the Keating Five case| the efforts to deregulate banks, which would cause the same problems all over again| and the impact of deregulation upon the American public. - RECORDED: KPFA, 1991.
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