Error message

Deprecated function: Array and string offset access syntax with curly braces is deprecated in include_once() (line 1387 of /home/pacifica/public_html/includes/bootstrap.inc).

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

Program Title:
Overview of the Savings and Loan crisis : learning from the past, preparing for the future / Curtis Lang ; interviewed by Dennis Bernstein.
PRA Archive #: 
AZ0976
Description: 

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.

Station: 
Date Recorded on: 
KPFA, 1992.
Date Broadcast on: 
-0-
Item duration: 
1 reel (38 min.) : 7 1/2 ips., mono.|38:00
Keywords: 
These terms will not bring up a complete list of all items in our catalog associated with this subject. Click here to search our entire catalog.
Distributor: 
Los Angeles : Pacifica Radio Archive, 1992.
PRA metadata viewPRA metadata view
This recording is currently on a 1/4” reel tape and has not been digitally preserved. If you would like to contribute to the cost of transferring this recording, and receive your own personal copy on CD, please complete this form and we will return your request with pricing information. You will hear from an archive staff member once your request has been researched. We can also be reached by phone at 800-735-0230.