FSLIC.  Raise your hand if you are old enough to recall what that stands for. Briefly, FDIC : Bank :: FSLIC : Savings and Loan You have to interpret the second  “:” as “was to”, not “is to”.  The Congress formally declared the Federal Savings and Loan Insurance Corporation (FSLIC) dead in 1989, after … Continue reading Post #1719: A brief note on the 1980s Savings and Loan Crisis, or why sometimes It’s (not) a Wonderful Life.