Savings and loans banks of America were essentially small local banks that provided home loans and took savings deposits like British building societies. However in the greedy 1980s they ventured into the choppier, mainstream financial waters of large sums to compete with the big US banks.
However without the major banks' expertise they soon went under. A quarter of US Savings and Loans banks crashed. Luckily for investors the federal government insured many of the individual deposits - however this was unlucky for the bank as it now faced a huge liability bailout sum of $150 billion.
Life on Earth may have arrived from Mars on an asteroid, scientists have claimed.
Lunar mission scheduled at the end of 2017 could find out if beer can be brewed on the moon.
A bottle used to teach children how far litter can travel ended up on Scottish beach after 8,700-mile journey.
Confused Apple customers are finding coins in their MacBooks.
High levels of iron help prevent hearing loss, a study has claimed.
A software engineer has constructed a fingernail-sized engine made of paper and it totally works!
Conspiracy theorists claim that there is a mysterious alien based pyramid in the Antarctic.
Toblerone design shape change angers some loyal chocolate lovers in the UK.0 comments
x Share us on Facebook