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In this episode we look as President George H. W. Bush looks head on into one of the most expensive financial disasters the nation had seen up to that point.  The Savings and Loan industry had long since operated without the same constraints as normal banking operated under and it led to a meltdown for investors and those who had deposited money in them in 1989 just after President Bush tool office. 

He could have let it collapse and done nothing, which actually would have been a popular position but instead he stepped up to the plate and bailed out the industry. He did so by reaching across the aisle and getting the opposition party to come on board with his proposals to save the day.  It was a tough call with plenty of political risk but in the end Bush was determined to do the right thing and protect those depositors who had unwittingly placed their life savings in these Savings and Loans. 

It would not be the last time that Bush would step up to make tough , politically damaging decisions but decisions that proved to be beneficial for the country in the long run. 

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