3 jan 1982 ano - 1982 (regarding banking)

Descrição:

The recession came at a bad time for banks. The requirements for interest rates on savings accounts were not thought of and checking accounts were offered at any bank. Congress let saving and loans to make high-risk investments. Banks went wrong, investments were bad, and the government had to give investors their money back. The Federal government had a was in debt by 200 billion dollars.