Search results
Results from the WOW.Com Content Network
Many banks failed as well. Between 1980 and 1994, 1,617 commercial banks failed (9.14 percent of all banks) with total assets of $206 billion. [92] However, the overlapping regional banking crises in the 1980s were far less severe on the commercial banking side because the FDIC remained solvent.
The Federal Reserve fails to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned loan standards (employment history, income, down payments, credit rating, assets, property loan-to-value ratio and debt-servicing ability), emphasizing instead lender's ability to securitize and repackage ...
It started operating in 1971 and was intended to insure only small institutions, with $134 million insured in 1972. It expanded quickly, though, increasing to $761 million insured in 1980. [7] It continued to grow through the 1980s, enabled by loosened state and federal laws. [7]
The Financial News Network (FNN) was an American financial and business news television network launched on November 30, 1981. The network aimed to broadcast programming nationwide, five days a week, for seven hours a day on 13 stations in an effort to expand the availability of business news for public dissemination.
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy.As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
How the FDA and American Red Cross failed to safeguard the nation's blood supply from the AIDS virus in the early 1980s, and why some of America's largest blood banks are still not in full compliance with federal regulations on blood safety.
SYSTEM REQUIREMENTS. Mobile and desktop browsers: Works best with the latest version of Chrome, Edge, FireFox and Safari. Windows: Windows 7 and newer Mac: MacOS X and newer Note: Ad-Free AOL Mail ...
[23] [24] [25] Major payments were made in 1998 for $140 million in claims and in the end secured creditors received 100% of their money while unsecured creditors received 34 cents on the dollar. [ 26 ] [ 27 ] However, as of 2009 [update] , creditors were still disputing the allocation of the final 101 million dollars that the bankruptcy ...