Wikidata

(Q6550991)

English

Lincoln Savings and Loan Association

failed savings and loan association

In more languages
default for all languages
No label defined

No description defined

Statements

instance of
company
0 references
legal form
company
0 references
significant event
bankruptcy
point in time
13 April 1989
1 reference
reference URL
https://www.wsj.com/livecoverage/stock-market-today-bank-earnings-04-12-2024/card/on-this-weekend-in-1989-regulators-seize-lincoln-savings-loan-plDiJaKRzVNfJfMshsyM
retrieved
7 September 2024
quotation
On April 13, 1989, real-estate company American Continental filed for Chapter 11 bankruptcy. Regulators seized its main subsidiary, Lincoln Savings & Loan Association, after discussions to sell the ailing thrift collapsed.The collapse cost the U.S. government $2.6 billion—worth a lot more in today's money—making it the most expensive thrift failure in history. (English)
publisher
The Wall Street Journal

Identifiers

VIAF ID
152722543
0 references
Freebase ID
/m/02rbvl1
0 references
 
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