Lincoln Savings Collapse: $3.4 Billion Taxpayer Bailout
Lincoln Savings and Loan collapses the day after its parent company American Continental Corporation files bankruptcy, requiring a $3.4 billion federal bailout and leaving 23,000 mostly elderly investors with worthless bonds. The failure represents the largest single cost in the S&L crisis and …
Lincoln Savings and Loan
American Continental Corporation
Charles Keating
Federal Deposit Insurance Corporation
Resolution Trust Corporation
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s&l-crisis
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