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William M. Isaac

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  • Senseless Panic: How Washington Failed America | William M. Isaac

    Senseless Panic: How Washington Failed America

    • UNABRIDGED (6 hrs and 17 mins)
    • By William M. Isaac
    • Narrated By Mark F. Smith
    • Whispersync for Voice-ready

    The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the agricultural sector, a bubble burst in the energy sector, a rolling real estate recession swept the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt.

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