1985-89 - The Savings and Loan collapse... $167 billion in federal bailouts required.Anyway, that's what the history books say. I don't cook it, I just serve it.
October 19, 1987 - The stock market crashed as the Dow Jones Industrial Average plunged 508 points, or 22.6 percent in value - its biggest-ever percentage drop; inflation and rising interest rates, the announcement of a surprisingly steep trade deficit and news of an American attack against Iran were both blamed for Wall Street's woes.
1998 – The Long-Term Capital Management failure. The Fed had to intervene to avoid sparking a worldwide panic over the condition of giant hedge fund companies like LTCM.
2000 – The Dot.com bubble crash
2007 – The housing bubble crash
2008 – The “Toxic Assets, Market Crash
One final thing. If you want a taste of just how bizarre the RNC's demand the DNC change it's name really is, just watch this short video.
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