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:
“... the ... thing I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.”
—Hetty Green (1834–1916)
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