The Savings and Loan scandal is the largest theft in the history of the world. Deregulation eased restrictions so much that S&L owners could lend themselves money. The Garn Institute of Finance, named after Senator Jake Garn, co-authored the deregulation of the industry and received $2.2 million from industry executives. Neil Bush, George Bush's son, never served time in jail for his part in running an S&L into the ground. Represenative Fernard St. Germain, …showed first 75 words of 331 total…

…showed last 75 words of 331 total…of delaying until after the 1988 elections, the cost might have been only $20 billion. With the money lost from the S&L scandals, the government could have provided prenatal care for every American child for the next 2,300 years. With the money lost from the S&L scandals, the government could have purchased 5 million average homes. The authors of "Inside Job", a book about the S&L scandal, found criminal activity at every S&L they investigated.