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March 10, 1990 | From Associated Press
Federal regulators spent an estimated $890 million in taxpayer money to bail out a Texas savings institution in a sale to a thrift holding company controlled by financier Ronald O. Perelman. Perelman's holding company, on the other hand, is putting up only $10 million. The Resolution Trust Corp., created in August to dispose of failed thrifts, sold San Antonio Savings Assn. to First Gibraltar Holdings Inc.
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BUSINESS
March 10, 1990 | From Associated Press
Federal regulators spent an estimated $890 million in taxpayer money to bail out a Texas savings institution in a sale to a thrift holding company controlled by financier Ronald O. Perelman. Perelman's holding company, on the other hand, is putting up only $10 million. The Resolution Trust Corp., created in August to dispose of failed thrifts, sold San Antonio Savings Assn. to First Gibraltar Holdings Inc.
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