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Savings And Loans Oregon

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October 25, 1990 | DOUGLAS FRANTZ, TIMES STAFF WRITER
No business deal has drawn more fire during the gubernatorial campaign than Richard C. Blum's stake in a financially troubled savings and loan in Oregon. A TV ad for Sen. Pete Wilson alleged that Blum and his wife, Dianne Feinstein, "own" the thrift and profited from a "sweetheart" government bailout in 1988. But according to documents and sources familiar with the matter, Blum money helped rescue the thrift. First, records show the investment is held by Blum's firm, not by him and his wife.
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NEWS
October 25, 1990 | DOUGLAS FRANTZ, TIMES STAFF WRITER
No business deal has drawn more fire during the gubernatorial campaign than Richard C. Blum's stake in a financially troubled savings and loan in Oregon. A TV ad for Sen. Pete Wilson alleged that Blum and his wife, Dianne Feinstein, "own" the thrift and profited from a "sweetheart" government bailout in 1988. But according to documents and sources familiar with the matter, Blum money helped rescue the thrift. First, records show the investment is held by Blum's firm, not by him and his wife.
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