Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- abbreviation Federal Savings and Loan Insurance Corporation
Etymologies
Sorry, no etymologies found.
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Examples
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Just a thought about the FDIC and your bank account: There used to be something called the FSLIC, which got depleted when the Savings and Loans were deregulated andwent belly-upon risky investments in the 1980s.
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He says that it makes the pre-S&L-crisis FSLIC seem well-run by comparison.
Pension Guarantee Hazards, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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February 6th, 2009 at 12: 49 pm re Don, the steves and FDIC — making good on deposit insurer promises to depositors is what the S&L “bail out” was about (in that case the FSLIC, now rolled into FDIC)
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FSLIC quickly ran out of funds during the S&L thing; hence the Resolution Trust Corporation, the reorganization of FDIC/FSLIC and the bond funded bailout of S&L depositors at that time.
Matthew Yglesias » The Trouble with Government-Subsidized Banks 2009
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In addition, due to the continued freewheeling fiscal policies of conservative Republicans, between 1986 and 1989, spanning the presidencies of Reagan and Bush Sr., the FSLIC had to pay off all the depositors of 296 institutions with assets of over $125 billion.
The Conservative Corruption of Progressive Thought Wattree 2010
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He refused, so Treasury Secretary Baker met secretly with Speaker Wright (who, at the behest of Texas control frauds, was holding our proposed bill to recapitalize the FSLIC insurance fund hostage in order to prevent us from securing the funds to close more of the control frauds).
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Joe's deposit is federally insured by the FSLIC because some godless liberal wanted to protect Joe's money from unscrupulous bankers who ruined the banking system before the Great Depression.
McCain Camp's Debate Response: Our Town-Hall Proposal Is "Beneath A Worldwide Celebrity" 2009
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In 1987, while the FDIC and FSLIC were busy closing every Bank and S&L in Texas, I of necessity made the conversion to Commercial Bankruptcy.
The Volokh Conspiracy » A Modest Proposal for Bar Exam Reform: 2009
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Research has shown that its sister agency, FSLIC, appointed receivership managers that greatly reduced losses during the S&L debacle.
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Gray blocked Texas 'and California's land rush style grants of hundreds of new charters by refusing to approve FSLIC insurance for any new S&Ls in those states.
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