BailoutTells the full story of the four bank bailouts in the United States. |
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Page 210
... million . Although it is not voting stock , it is convertible into 160 million shares of common or voting stock upon sale to a third party . This gives us effective control over 80 percent of the common stock . The remainder of our ...
... million . Although it is not voting stock , it is convertible into 160 million shares of common or voting stock upon sale to a third party . This gives us effective control over 80 percent of the common stock . The remainder of our ...
Page 221
... million in losses as the trigger figure where the stockholders are wiped out . In May 1985 Con- tinental issued an estimate that the losses could range between $ 600 million and $ 800 million . Early in 1986 , after eighteen months of ...
... million in losses as the trigger figure where the stockholders are wiped out . In May 1985 Con- tinental issued an estimate that the losses could range between $ 600 million and $ 800 million . Early in 1986 , after eighteen months of ...
Page 272
... million Farmers Bank of the State of Delaware was declared essential and FDIC purchased $ 40 million of classified and charged off assets -essentially bad loans . The State of Delaware owned 49 percent of the bank stock and by state law ...
... million Farmers Bank of the State of Delaware was declared essential and FDIC purchased $ 40 million of classified and charged off assets -essentially bad loans . The State of Delaware owned 49 percent of the bank stock and by state law ...
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Common terms and phrases
agencies approval asked assets assistance package bad loans bailout bank failures Bank of America bank's BankAmerica Bill Bob Carswell called capital chairman Chase Chicago Citibank Citicorp closed COMAC Commonwealth Comptroller Conover Continental Illinois Continental's Cooley Corporation deal Deposit Insurance directors Doug Jones essentiality failed bank FDIC assistance FDIC board FDIC's Federal Reserve final Franklin National Bank funds handled Heimann holding company institutions insured depositors interest rates investors Isaac July largest bank later liquidation loss meeting megabanks merger million National Bank negotiations Ogden Oklahoma Oklahoma City operations options Parsons participations Paul Volcker payoff Penn Square Penn Square Bank Pennsylvania president problem proposal purchase Regan regulators rescue Savings Bank Seafirst shareholders Sid Bass Skillern solution staff stockholders Swearingen talk tion told transaction Treasury uninsured Unity Volcker vote Wall Street Journal wanted Washington York