Speaker discusses bank failuresThe savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. Smith professor of finance and economics at Loyola University in Chicago, says the potential costs are still too high. In his presentation for the College of Business at ISU, Kaufman discussed his ideas for further policy changes so that the cost of bank failures is as low as possible and that the largest institutions will not gamble that regulators will bail them out if they become insolvent.
Kaufman, who is director of the Center for Financial and Policy Studies in the School of Business at Loyola, spoke at 5 p.m. Oct. 8 in the ISU College of Business, 11th floor conference room.
Photos by Tony Campbellhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0178/206036534_8hefZ-Ti.jpghttp://isuphoto.smugmug.com/gallery/3618256_mxfJn/2007-10-08T23:10:12ZCopyright 2009, the copyright holder of each photograph. Some portions copyright SmugMug. All rights reserved.SmugMugThe savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036534_8hefZ" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0178/206036534_8hefZ-Th.jpg" width="150" height="107" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:47:01ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0178/206036534_8hefZ-Th.jpg2007-10-08 05:12:05The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036545_cuVuf" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0176/206036545_cuVuf-Th.jpg" width="150" height="100" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:44:20ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0176/206036545_cuVuf-Th.jpg2007-10-08 05:10:27The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036686_xujKR" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0174/206036686_xujKR-Th.jpg" width="150" height="101" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:48:12ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0174/206036686_xujKR-Th.jpg2007-10-08 05:09:12The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036692_2fqsD" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0171/206036692_2fqsD-Th.jpg" width="150" height="106" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:45:33ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0171/206036692_2fqsD-Th.jpg2007-10-08 05:07:34The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036703_ySoUt" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0179/206036703_ySoUt-Th.jpg" width="150" height="100" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:46:35ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0179/206036703_ySoUt-Th.jpg2007-10-08 05:12:16The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036803_XsSJj" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0173/206036803_XsSJj-Th.jpg" width="150" height="141" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:46:04ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0173/206036803_XsSJj-Th.jpg2007-10-08 05:08:07The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...<p><a href="http://isuphoto.smugmug.com">ISUphoto</a><br />The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ...</p><p><a href="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/3618256_mxfJn#206036819_JdJqU" title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..."><img src="http://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0172/206036819_JdJqU-Th.jpg" width="150" height="146" alt="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." title="The savings and loan crisis of the 1980s and '90s cost an estimated $150 billion. Legislation passed in 1991 was intended to reduce the cost of bank failures, but George Kaufman, the John M. ..." style="border: 1px solid #000000;" /></a></p>2009-02-06T22:45:46ZISUphotohttp://isuphoto.smugmug.comhttp://isuphoto.smugmug.com/Events/Speaker-discusses-bank/kaufmangeorgebank0172/206036819_JdJqU-Th.jpg2007-10-08 05:07:54