Savings and Loan
As Chairman of the Senate Banking Committee, Garn was co-author of the Garn–St. Germain Depository Institutions Act of 1982, the law that partially deregulated the savings and loan industry and attempted to forestall the looming Savings and Loan crisis.
Read more about this topic: Jake Garn
Famous quotes containing the word loan:
“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!”
—Paul Laurence Dunbar (1872–1906)
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