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| Author: | Norton, R. E. |
| Title: | Deep in the hole in Texas. |
| Journal: | Fortune
1987 : MAY 11, VOL. 115:10, p. 37-39 |
| Index terms: | MONEY MARKETS LOANS SAVINGS BANKS DEPOSIT BANKS |
| Language: | eng |
| Abstract: | A review of the financial difficulties of the U.S. Federal Savings and Loan Insurance Corporation, resulting from a recession in real estate, and making risky loans. Fraud is also hinted at. The proposed use of state funds to assist S&Ls in Texas. Role of House Speaker Jim Wright in helping the speculators. A $ 15 billion plan to recapitalize the S&Ls. Fear of a drop in deposits and how the American tax payer may have to foot the bill. |
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