Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell

Exercise 2

By some estimates the S L crisis would have cost us $150 billion (in 1981 dollars) if we had shut down all of the economically insolvent S Ls in 1981. It now turns out that it cost us on a present value basis somewhere around $150 billion (in 1995 dollars). Did we win or lose by procrastinating