March 29, 1990 |
T. Timothy Ryan Jr., President Bush's hastily named nominee to regulate savings and loan associations, ran into a barrage of criticism Wednesday from senators who said he is unqualified to help direct the massive rescue of the thrift industry. Ryan, a pension lawyer and former Labor Department official, told skeptical members of the Senate Banking Committee that he was drafted for the S&L job four weeks ago by Treasury officials.
March 23, 1990 |
The Bush Administration, warning that delays in seizing insolvent savings and loan associations could cost taxpayers millions of dollars, asked an appeals court on Thursday to uphold the government's takeover powers. The Administration said a lower court action Wednesday, blocking the seizure of an Illinois thrift, "may irretrievably disrupt the government's regulation of the thrift industry." U.S. District Judge Royce C.
June 13, 1991 |
In a significant policy shift, the nation's top thrift regulator said Wednesday that he wants to help big savings and loan associations avoid failure through early financial intervention from the federal government.
March 31, 1990 |
Hours after his nomination as the nation's top savings and loan regulator was narrowly approved by the Senate Banking Committee, T. Timothy Ryan Jr. publicly admitted that he had used marijuana and cocaine in the 1970s. Ryan had earlier disclosed his past drug use to the FBI, and the Bush Administration said Banking Committee members had been aware of that disclosure during their review of his nomination.
March 9, 1990 |
T. Timothy Ryan Jr., a Washington lawyer and former key Labor Department official, will be nominated as the nation's top savings and loan regulator, according to Bush Administration sources. Ryan would become permanent director of the Office of Thrift Supervision, which oversees the S&L industry beleaguered by the financial collapse of hundreds of insolvent institutions. "The agency needs strong leadership," said an Administration source.
November 9, 1992 |
The nation's top thrift regulator will announce his resignation today in a speech in which he will warn that the nation is suffering from a credit crunch because of "a climate of fear" generated by the savings and loan crisis. Timothy Ryan says he will quit after 2 1/2 years as director of the Office of Thrift Supervision on Dec. 4. Ryan's departure is not a surprise because he had previously announced plans to leave the post after the 1992 presidential election.