Abstract
On May 15, 1989, the Shadow Financial Regulatory Committee issued policy statement Number 43 on the “Financial Institutions Reform, Recovery, and Enforcement Act of 1989.” This statement was issued shortly before the enactment of FIRREA and dealt with all the bills then pending in Congress. In part, the statement argues that “none of the pending bills effectively deals with the incentive and other structural defects of the present system. Instead, they contain a number of provisions that could worsen the situation.” The complete statement is provided in the appendix.
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© 1990 Kluwer Academic Publishers
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Kaufman, G.G. (1990). The Savings and Loan Rescue of 1989: Causes and Perspectives . In: Kaufman, G.G. (eds) Restructuring the American Financial System. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2197-9_5
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DOI: https://doi.org/10.1007/978-94-009-2197-9_5
Publisher Name: Springer, Dordrecht
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