Research Paper on:
Scandals Involving Savings and Loan Companies During the 1980s and 1990s

Unformatted Sample Text from the Research 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