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PROBLEMS OF THE FSLIC: A FORMER POLICY MAKER'S VIEW
Author(s) -
WHITE LAWRENCE J.
Publication year - 1990
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1990.tb00591.x
Subject(s) - insolvency , loan , corporation , economics , deposit insurance , financial crisis , business , actuarial science , public economics , finance , macroeconomics
The massive insolvency of the Federal Savings and Loan Insurance Corporation has created a public policy crisis of major proportions. This paper provides a framework for understanding the basic problems of deposit insurance, explores the origins of the current crisis, describes the regulatory response, and discusses the fundamental reforms that still must be undertaken.