Texas, Oil, and a Boom in Trouble
Lecture no. 45 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 05 min | Categories: The Great Courses Plus Online Economics & Finance Courses
In 1986, due in part to a severe decline in oil prices, hundreds of savings and loan banks became technically insolvent—nearly one-third of them in Texas. Discover what was really going on.