September 21, 1990 |
Federal regulators filed a civil suit today against President Bush's son, Neil, and other officers of the bankrupt Silverado Banking, Savings & Loan Assn. The suit, filed by the Federal Deposit Insurance Corp., seeks damages of $200 million. The suit accuses the directors of "gross negligence," according to a statement by the agency.
September 23, 1990 |
Federal regulators filed a $200-million suit against President Bush's son Neil and other officers of the failed Silverado Banking, Savings & Loan Assn. on Friday, accusing them of "gross negligence" contributing to the institution's collapse. The civil suit, filed by the Federal Deposit Insurance Corp. in U.S. District Court in Denver, said the defendants "repeatedly breached their duties" to the Denver-based institution and its depositors.
December 10, 1988 |
Federal savings and loan regulators on Friday pledged $1.05 billion to shut down an insolvent Denver institution in one of the nation's biggest S&L failures. The Federal Home Loan Bank Board, which regulates federally insured S&Ls, created a new institution to receive $1.7 billion in deposits of the Silverado Banking, Savings & Loan Assn., which was ordered closed by Colorado regulators.
September 22, 1990 |
Federal banking regulators Friday accused President Bush's son Neil and other former officers of a failed Colorado savings and loan of gross negligence in a civil lawsuit seeking $200 million in damages from them. The suit, which was filed by the Federal Deposit Insurance Corp. in federal court in Denver, is likely to bring the $500-billion thrift crisis closer to the President and the Republican Party as congressional elections approach in November.