savings and loan

2 Stories

Lawyers Are Big Winners in Bailout

Veterans of S&L bailouts in catbird seat in current crisis

(Newser) - For a tight-knit group of former top government officials, the current financial crisis is a golden opportunity. Veterans of the savings and loan bailout of the 1990s, these operatives, now mostly lawyers and bank advisers, are doing a brisk business telling clients how to profit from the meltdown, the New ... More »

Insurers Buy Troubled S&Ls in Ploy for Bailout Cash

Crisis has insurance titans desperate for capital

(Newser) - Four huge insurers are in the process of buying small, troubled S&Ls in order to qualify for a chunk of the Treasury’s bailout cash, Bloomberg reports. Genworth Financial, Lincoln National, Hartford Financial Services, and Aegon NV have set their sights on US banks cited for “unsafe and... More »

2 Stories