What were some major effects of these bank failures ?

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.

the united states presidential election of 1992 was the 52nd quadrennial presidential election. it was held on tuesday, november 3, 1992. democratic governor bill clinton of arkansas defeated incumbent republican president george h. w. bush, independent businessman ross perot of texas, and a number of minor candidates.