Showing posts with label Continental Illinois. Show all posts
Showing posts with label Continental Illinois. Show all posts

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.)