Bluebonnet Bank Investigation, Day 1

The subcommittee was investigating the acquisition of Bluebonnet Bank by James Fail, despite his history of legal and regulatory problems.… read more

The subcommittee was investigating the acquisition of Bluebonnet Bank by James Fail, despite his history of legal and regulatory problems. He acquired Bluebonnet with $1,000 of his own money and loan of about $70 million. In acquiring Bluebonnet, he also got $1.8 billion of government subsidies. Former regulators discussed why they selected this bid over another bid that would have saved taxpayers $97 million. Senator Howard Metzenbaum made a short statement after the hearing.

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Bluebonnet Bank Investigation, Day 1

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Program ID:
13419-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jul 31, 1990 | 11:37pm EDT | C-SPAN 2
Last Aired:
Aug 05, 1990 | 1:45am EDT | C-SPAN 1

Airing Details

  • Jul 31, 1990 | 11:37pm EDT | C-SPAN 2
  • Aug 05, 1990 | 1:45am EDT | C-SPAN 1
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Bluebonnet Bank Investigation, Day 1

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