Were Bank Examiners Too Strict with New England and California Banks?


D uring the early 1990s bank examiners were frequently accused of being too strict with banks in New England, thereby contributing to a credit crunch in the region.1 If supervisors of New England banks were being unusually strict, they may have been reacting to public complaints of lax supervision of the savings and loan industry in the 1980s. Such… (More)


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