Aug 6, 2008

Ronald Reagan on the Continental Illinois bailout (1984)

It was a thing that we should do and we did it. It was in the best interest of all concerned.

~ Ronald Reagan, on the bailout of Continental Illinois, at the time the 7th largest U.S. bank

(Quoted from The Creature From Jekyll Island, p. 62, source: New York Times, "Reagan Calls Rescue of Bank No Bailout," July 29, 1984.)

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