Interesting post, but the S&L crisis did not occur during the Clinton era.
The Garn-St.Germain bill that started the ball rolling was passed in 1982.  The conviction of the Keating Five as I recall was in 1988.
Clinton did not become president until 1992.  The S&L scandal as they called it, occured during the Reagan admininstation.  Being from Ohio, the epicenter of the crisis, and in the title buisiness at the time, I have first hand knowledge of what happened.  Many good S&Ls were forced out of buisiness at the time, with the formation of the RTC in about 1989 being the final nail in their coffin.  It was, as I recall, a few rouge S&Ls that killed the industry as a whole with the active particiipation of the congress and the banking industry.  I was not a fan of Clinton, but I think it is correct to point out that the S&L crisis did not happen under his watch.