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Direxion Daily Financial Bear 3X ETF Message Board

  • dowmoneyus dowmoneyus Feb 11, 2009 3:39 PM Flag

    PEOPLE doubted S&L bailout as well

    Many of today's under 40 money managers were still in college and do not realise that the same scale fear and doubt surrounded the US markets during the S&L bailout.

    Though history shows the S&L crisis was resolved successfully, there was considerable skepticism about the FIRREA law, the new regulator it created, the Office of Thrift Supervision, and the bailout entity, the Resolution Trust Corp., at the time of their creation.

    It also wound up costing less than many expected.

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