haku: @indexterm MONEY MARKETS / yhteensä: 577
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| Tekijä: | Fromson, B. D. |
| Otsikko: | How to steal an S&L legally. |
| Lehti: | Fortune
1987 : OCT 12, VOL. 116:8, p. 41, 43, 44, 46 |
| Asiasana: | MONEY MARKETS LOANS SAVINGS BANKS USA |
| Kieli: | eng |
| Tiivistelmä: | A review of how the Green family converted a mutual savings & loan association into a stock company and gained millions in assets. How converting to a stock company altered the depositor-owners claims on the assets. The use of a leveraged buyout backed by borrowed funds, used by the Green family holding company. Depositors approval of the Green's proposition to convert to a stock company, but limited information on how to subscribe for shares. After paying off their debts, it is calculated the Greens had a return of 13,000%. |
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