Failed Savings and Loan Investigation
Members of the General Oversight and Investigations Panel convened to look at the relationship of Arizona Governor Fife Symington with the… read more
Members of the General Oversight and Investigations Panel convened to look at the relationship of Arizona Governor Fife Symington with the Southwest Savings and Loan Association, and the pursuit of liability suits against insiders of failed banks and savings and loan associations by federal regulators. Governor Symington, elected last year, is among 12 former officers and directors of Southwest Savings and Loan Association who are being sued for $140 million by the Resolution Trust Corporation. The RTC has accused the governor of breaching his duty as a Southwest director by putting his own business interests ahead of the Savings and Loan’s. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Richard Aboussie Vice President Resolution Trust Corporation
- Alfred Byrne General Counsel Federal Deposit Insurance Corporation
Savings and Loan Investigation
The committee heard testimony concerning the investigation into Southwest Savings and Loan.
Accelerated Resolution Programs
The subcommittee heard testimony on the accelerated resolution program for failed savings and loans of the Office of…
Resolution Trust Corporation: Western Storm
The sub committee explored issues surrounding the “Operation Western Storm” controversy in the Resolution…
Resolution Trust Issues
In his written statement, Mr. Altman thanked the committee for examining the women’s business fund…