https://wiki.freecapitalists.org/api.php?action=feedcontributions&feedformat=atom&user=Kobe123 2026-08-15T16:03:38Z User contributions MediaWiki 1.43.9 https://wiki.freecapitalists.org/index.php?title=Federal_Savings_and_Loan_Insurance_Corporation&diff=16525 2012-12-27T12:51:21Z

<p>Kobe123: </p> <hr /> <div>The '''Federal Savings and Loan Insurance Corporation''' ('''FSLIC''') was an institution that insured and regulated [[Savings and loan association|savings and loan institutions]] in the [[United States]].{{Fact|Pretty much undisputed, still not really quoted from anywhere, source would be nice.}}<br /> <br /> FSLIC was created by the 1934 [[National Housing Act of 1934|National Housing Act]], which also and provided for the chartering of national mortgage associations as entities within the federal government. (The only association formed was the [[National Mortgage Association of Washington]], which eventually became [[Fannie Mae]].)<br /> <br /> In 1967 the [[Savings and Loan Holding Company Act Amendments]] provided for the regulation of [[savings and loan]] holding companies by the FSLIC. The [[S&amp;L crisis]] of the 1980s led to the establishment of a new federal regulatory agency for thrifts: in 1989, the [[Financial Institutions Reform, Recovery and Enforcement Act]] (FIRREA) abolished FSLIC and the [[FHLBB]] and created, in their place, the [[Office of Thrift Supervision]] (OTS) to regulate and supervise thrifts. The insurance function for savings associations was transferred to the FDIC.&lt;ref name=&quot;Kushmeider_Regulatory&quot;&gt;Rose Marie Kushmeider. [http://www.fdic.gov/bank/analytical/banking/2006jan/article1/index.html#10 &quot;The U.S. Federal Financial Regulatory System: Restructuring Federal Bank Regulation&quot;], ''FDIC Banking Review''. Referenced 2011-06-15.&lt;/ref&gt;<br /> <br /> ==Savings and Loan crisis==<br /> The Savings &amp; Loan crisis was the greatest collapse of U.S. financial institutions since the 1930s. From 1986 to 1989, FSLIC, the insurer of the thrift industry, closed or otherwise resolved 296 institutions with total assets of $125 billion. An even more traumatic period followed, with the creation of the [[Resolution Trust Corporation]] (RTC) in 1989 and that agency’s resolution by mid-1995 of an additional 747 thrifts with total assets of $394 billion.&lt;ref name=&quot;Curry_Cost&quot;&gt;Timothy Curry and Lynn Shibut. [http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf &quot;The Cost of the Savings and Loan Crisis: Truth and Consequences&quot;] (pdf), ''FDIC Banking Review'', 2000 - Vol. 13, No. 2. Referenced 2011-06-15.&lt;/ref&gt;<br /> <br /> [http://www.mypayday.co.uk Same Day Loan]<br /> {{Main|Savings &amp; Loan crisis}}<br /> <br /> ==References==<br /> {{Reflist}}<br /> <br /> ==Links==<br /> * {{wplink}}<br /> <br /> [[Category:Government agencies]]<br /> {{Stub}}</div>

Kobe123