GOVERNMENT CAPTURE TIMELINE - 1980

ECONOMIC CONDITIONS: US recession, S&L crisis begins; unemployment reaches 7.5%, inflation hits 13.5%, and prime interest rate soars to almost 20%
REGULATORY CHANGES: FHLBB lowers net worth requirements for federally-insured S&Ls from 5% of deposits to 4%; Depository Institutions Deregulation and Monetary Control Act of 1980, deregulating banks and raising FDIC insurance limit to $100,000
PRESIDENT: Jimmy Carter; Ronald Reagan elected
SECRETARY OF THE TREASURY: G William Miller
SECRETARY OF STATE: Cyrus Vance, Edmund Muskie
SECRETARY OF DEFENSE: Harold Brown
SUPREME COURT: William J. Brennan, Jr. ('56-'90); Potter Stewart ('58-'81); Byron White ('62-'81); Thurgood Marshall ('67-'91); Warren E. Burger ('69-'86) (Chief Justice - '69-'86); Harry Blackmun ('70-'94); Lewis F. Powell Jr. ('72-'87); William Rehnquist ('72-'05) (Chief Justice - '86-'05); John Paul Stevens ('75-'10) (Acting Chief - '05)
CONGRESS: Speaker, Tip O'Neill (D)
FEDERAL RESERVE CHAIRMAN: Paul Volcker
NY FEDERAL RESERVE: Inflation adjusted 1-year total compensation1($thou): $14,479
HIGHEST PAID CEO: Frank E Rosenfelt - MGM 
$5,214,000
Inflation adjusted: $14,479,000
BUSINESS ROUNDTABLE: 
COUNCIL ON FOREIGN RELATIONS: 
KEY BANK MERGERS: 
KEY NON-BANK MERGERS: 
CORPORATE GOVERNANCE: 

 

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Copyright 2019 by Robert A. G. Monks