August 28, 1990
Israeli Defense Minister Moshe Arens revealed an intrinsic anti-Arab racism in a Times interview (Commentary, Aug. 21). Reporter William Tuohy quotes Arens as saying, "Unfortunately, there is in some of the Arab world, including many of the Palestinians, this streak of fanaticism and brutality and lack of sharing in the values that we believe--in democracy and tolerance in not using violence unless it is absolutely necessary. It's unfortunate."
June 28, 1990 |
Federal regulators hung out "for sale" signs Wednesday on 59 more failed thrifts, including four in Southern California. The four are First Network Federal Savings Bank and Westwood Savings, both in Los Angeles; Western Empire Federal Savings & Loan in Yorba Linda, and Investment Federal Savings & Loan in Woodland Hills. The aggregate amount of deposits held by the latest batch of thrifts for sale is $8.2 billion, though none of them has more than $500 million in deposits.
February 18, 1989 |
Federal banking regulators Friday took over 25 more insolvent savings and loans across the country, including Westwood Savings & Loan in Los Angeles, a thrift in trouble for several years because of real estate loan losses. The seizures were made by the Federal Deposit Insurance Corp. and bring to 36 the number of insolvent thrifts placed in government conservatorship during the past two weeks.
July 1, 1992 |
Former Westwood S&L Chief Sentenced: Edward M. Israel received an 18-month federal prison sentence for defrauding Westwood Savings & Loan, where he was chairman and chief executive. Israel, 40, pleaded guilty last summer to three counts of fraud stemming from a scheme in which he and former Brookside Savings & Loan Chairman Michael S. Moers, who is also serving a prison sentence, secretly sold real estate in which they were partners to their respective S&Ls.
June 30, 1990 |
Federal thrift regulators and the FBI have given top priority to investigations of seven failed Orange County and Los Angeles savings and loans as part of the Bush Administration's new coordinated effort to push for criminal prosecutions in thrift fraud cases. A surprise among the seven targeted S&Ls is Mercury Savings & Loan in Huntington Beach, where there was no previous hint of a criminal probe. Regulators seized the insolvent S&L on Feb.