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Bank failures --- Global Financial Crisis, 2008-2009 --- Savings and loan association failures --- Savings and Loan Bailout, 1989-1995 --- History --- History

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The truth about the 2008 economic crisis from a Washington insider The 1980's opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas' ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handle

Bank failures -- United States -- History. --- Global Financial Crisis, 2008-2009. --- Savings and loan association failures -- United States -- History. --- Savings and Loan Bailout, 1989-1995.