March 26, 1997
Martin Caidin, 69, whose novels "Marooned" and "Cyborg" were the basis of a motion picture and a television series, respectively. Caidin's books were turned into the 1969 film "Marooned" starring Gregory Peck and the popular 1970s television series "The Six Million Dollar Man," starring Lee Majors. The author, who specialized in World War II military aircraft and space subjects, was himself a pilot and stuntman who flew various aircraft in several motion pictures.
November 2, 1990 |
Bush Administration officials decided Thursday to stave off a shutdown of the savings and loan bailout by taking advantage of a drafting error in last year's law. The mistake will let the Resolution Trust Corp. borrow up to $18.8 billion more than Congress apparently intended. The short-term borrowing, to be repaid through the sale of loans, real estate and other assets once owned by failed S&Ls, frees the agency to continue some cleanup activities into early next year.
January 22, 1991 |
A Los Angeles-based thrift that was once one of the nation's largest black-owned savings and loans has been acquired by an investment group in a government-assisted transaction, federal regulators said Monday. Founders Federal Savings & Loan, seized by regulators in 1989, becomes Founders National Bank today. The new institution is now believed to be the largest black-owned commercial bank on the West Coast. Founders Federal Savings had $95.4 million in assets and $79.
September 9, 1989 |
Federal regulators on Friday put "For Sale" signs on insolvent Pacific Savings Bank and four other large savings and loans nationwide that regulators want to move as quickly as possible into new hands. Pacific Savings in Costa Mesa, thought to be a "best buy" among failed S&Ls in California last year, is one of 10 insolvent thrifts that have been put up for sale in the last three weeks. David C. Cooke, executive director of the federal Resolution Trust Corp.
June 16, 1990 |
Congressional Democrats attacked the Bush Administration on Friday for keeping top executives of failed savings and loans on the payroll--at six-figure salaries in some cases--after seizing their insolvent institutions. According to figures presented to a congressional task force, 211 of the 351 savings and loan firms in government hands as of April had retained their highest-paid officer in the same position.
February 10, 1990 |
The executive in charge of the $164-billion savings and loan cleanup quit Friday, dealing another setback to the White House's most costly domestic initiative and giving Congress a new chance to blame the Bush Administration for delays that are costing the taxpayers $10 million a day. Complaining that he was not given "the authority that I believe is essential to be effective," Daniel P. Kearney resigned as president of the Resolution Trust Corp.