re: #279 compound idaho

Wall Street crash 1987 (-25%). No stimulus. Not Bailout. Economic boom for 20 years under both democrats and rebulicans.

en.wikipedia.org

The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 747 savings and loan associations (S&Ls aka thrifts). A Savings and Loan is a financial institution in the United States that accepts savings deposits and makes mortgage, car and other personal loans to individual members - a cooperative venture known in the United Kingdom as a Building Society. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the US government via a financial bailout under the leadership of George H.W. Bush—that is, the US taxpayer provided the funding for the bailout, either directly or through charges on their savings and loan accounts and increased taxes[1]—which contributed to the large budget deficits of the early 1990s.