{
  "id": "89-290",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "89-290",
  "active": false,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 419789,
      "date": "1989-04-28",
      "retrieved": "2016-05-24T21:05:21.822941",
      "title": "Financial Crises of the 1970s and 1980s: Causes, Developments, and Government Responses",
      "summary": "This document also available in  PDF\r\nImage .\r\n Financial panics have emerged over the last two decades as irregular, yet continuing,\r\ndisturbances in the economy. Virtually all of them have involved the banking system, so that the\r\nFederal Reserve has often acted as lender of last resort to contain the damage. The Federal\r\nGovernment has often performed direct damage control through congressional initiatives: public\r\nlaws. In yet other cases, the private sector has largely recovered by itself.\r\n With increasing volatility of financial markets, Congress may have to focus more attention on\r\n\"bailout\" mechanisms that lessen teh contagion of these infections of finance. a timely case is that\r\nof savings and loan associations. Their rescue may involve looking back to solutions to financial\r\ncrises of recent years. This report accordingly provides analyses of sixteen selected domestic\r\nfinancial crises (in chronological order) to which the savings and loan crisis may be logically\r\ncompared, especially with respect to the governmental role in their resolution.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
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          "url": "http://www.crs.gov/Reports/pdf/89-290",
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      "topics": []
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  "topics": []
}