In the spring of 1989, during the congressional debate overwhat would become the Financial Institutions Reform, Recovery, and Enforcement Act, the financial press coined a term for thrifts with high dollar amounts of so-called supervisory goodwill on their balance sheets: "goodwill junkies."

These institutions were derided for their resistance to the legislation's capital approach, which required supervisory goodwill to be deducted from capital in measuring the adequacy of an institution's capital.

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