Here is the synopsis of our sample research paper on The Savings and Loan Scandals. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 10 page paper goes back to the late 1980's and early 1990's when bank failures were commonplace. The scandals are discussed and analyzed.
Bibliography lists 12 sources.
Page Count:
10 pages (~225 words per page)
File: RT13_SA042SL.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the late 1980s and early 1990s (LaVelle, 1999). Bad real estate transactions destroyed close to 500 thrifts which resulted in the indictments of a number greater than 300 which
included officers, directors, and others involved in questionable transactions (1999). Indeed, the fast flying eighties would come to an end with a bang. The 1987 crash served as a warning.
But no one predicted the state of the savings and loan companies. Even when the press should have been tipped off, as there were many problems, no one blew the
whistle. Purportedly, politicians were paid off, heads of banks were engaging in risky behavior and everything one hears about the eighties was true for a time. Then everything collapsed and
payback was significant. In contemplating what went wrong in the late 1980s and early 1990s when the nation had just enjoyed good times, many factors must be considered.
The government played a role as did the heads of the banks that went bust. The investors were hurt and while key players had made a great deal of money,
some of which continues to be enjoyed today, some of them were jailed. They did commit crimes, albeit white collar. No one was shot but many people got hurt.
II. Events Leading up to Crisis Pontell & Calavita (1993)explains that the federally insured savings and loan system had been initially put into place in the
1930s in order to encourage the construction and sale of new homes during the depression . It was also enacted in order to protect savings institutions from the types of
disasters that followed the infamous depression that began in 1929 (1993). In fact, the depression began in 1929 after a stock market crash and before the stint was over, 12.8
...