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Silverado Banking Savings And Loan Association

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NEWS
July 18, 1990 | GREGORY CROUCH, TIMES STAFF WRITER
Developer Bill L. Walters, who told a congressional committee in June that he was broke after defaulting on nearly $100 million in loans obtained from a Denver thrift with the help of Neil Bush, is now living in the lap of luxury in Newport Beach. In February, a trust for Walters' wife, Jacqueline, purchased a $1.9-million gated estate near Newport Bay, according to county records reviewed by The Times.
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NEWS
July 18, 1990 | GREGORY CROUCH, TIMES STAFF WRITER
Developer Bill L. Walters, who told a congressional committee in June that he was broke after defaulting on nearly $100 million in loans obtained from a Denver thrift with the help of Neil Bush, is now living in the lap of luxury in Newport Beach. In February, a trust for Walters' wife, Jacqueline, purchased a $1.9-million gated estate near Newport Bay, according to county records reviewed by The Times.
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BUSINESS
October 15, 1990 | From Associated Press
A savings and loan became insolvent after lending President Bush's son Jeb and a partner about half the money toward purchase of a $9-million office building, and the federal government ended up repaying most of the loan, the New York Times reported. Although it involved no criminal behavior, the loan is an example of the kind of poor lending practices that led to the thrift industry's troubles, the newspaper said.
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