True, the S & L Crisis seems to be pretty much forgotten about in light of the more recent events. Today's crisis is really the second time a large government bailout was done because of a federal guarantee. The Savings and Loan Crisis, that started about 1986, required a large bailout of FSLIC (Federal Savings & Loan Insurance Corp). The bailout contributed to the large budget deficits of the early 1990s.

A lot of commercial loans went bad and this along with Fed Chair Paul Volker increasing interest rates to battle inflation (necessary action at the time), caused the problem.

It seems to me there are really a number of similarities between that crisis and the current one, yet I have not seen anyone in the media say anything about all this.

Seems to me that a federal guarantee, often leads to businesses taking risks they otherwise would not take. Instead of investing in things such as affordable housing for families.