Reminds me of the Savings and Loan crisis when Ame

Reminds me of the Savings and Loan crisis when American Savings and Loan was giving higher interest for savings accounts than they were receiving from their mortgage loans. The CEO thought that if he made more loans, it would cover the shortfall. Ran the company into the ground, the FSLIC was created and they took AS into bankruptcy but not out of business. Infused cash and sold them to Washington Mutual. Was one of the people initially hired to go in and clean up the mess. Fired lots of people then had to rebuild. Stupid thing was, a lot of these people were given termination checks then rehired by the company. lol. Government doesn't get it most of the time but then they're spending our money so they don't care. Anything to cover up the mess and declare 'all is well.'