Nov 142017
 

The Center for Financial Policy was honored to host FDIC Chairman Martin Gruenberg on November 3, 2017 in College Park for a talk to faculty and students on the financial crisis and its aftermath.  

“I thought the ‘Thrift Crisis’ (1980-90 Savings and Loan Crisis) would be the most severe crisis I would encounter. It resulted in the failure of nearly a third of its industry and cost taxpayers nearly $140 billion to make good on the failed institutions,” he said. “But as it turned out it was a relatively a small hors d’oeuvre compared to what we went through in 2008 and 2009.” — Chairman Martin Gruenberg

Read the full story:

https://www.rhsmith.umd.edu/news/fdic-chairman-gives-context-2008-financial-crisis

 

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