Larry Gordon and I sat down for a wide-ranging interview covering the banking and thrift crises from 1978 through 1992 when the FDIC dealt with thousands of deeply troubled banks and thrifts, some 3,000 of which failed, including many of the largest regional banks in the nation. Interest rates topped out at 21.5%, forcing the government to remove most of the regulations and restrictions on competition that had been put in place by Congress during the Great Depression.
Listen to the full podcast here.