Legislative and policies that are regulatory and finally heightened the difficulties associated with cost cost cost savings and loan industry. The “Alice in Wonderland” regulatory accounting axioms (RAP) utilized by the regulators contributed into the tragedy.
It’s estimated that the price of the cost cost savings and loan debacle shall price taxpayers $183 million plus interest. Actions taken by Congress and regulators, also regulatory accounting axioms (RAP), have now been commonly cited as major contributing facets for having “misled” and “masked” the speed and level regarding the economic deterioration regarding the thrift industry. “Congress, Regulators, RAP, additionally the Savings and Loan Debacle” okumaya devam et