Jake Garn - Savings and Loan

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.

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Famous quotes containing the word loan:

    “Neither a borrower nor a lender be,
    For loan oft loses both itself and friend,
    And borrowing dulls the edge of husbandry.
    This above all: to thine own self be true,
    And it must follow, as the night the day,
    Thou canst not then be false to any man.”
    —William Shakespeare (1564–1616)