> I would wager it's the latter. This will be the golden age of white collar crime, cons, and machinations. This is how this always ends.

So another S&L?

> At the end of 1988, 2,969 thrifts remained active. This was over three hundred less than in 1985 and over a thousand less than in 1980. These failures were highly geographically concentrated: a third of the failures from 1985 forward occurred in just three states: California, Texas, and Florida;[74] Texas accounted for 40 percent of thrift failures in the worst year of the crisis, 1988.[53]

* https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Intens...