Voters lose faith with Hughes administration in Maryland
Annapolis report details growing discontent with Governor Hughes as S&L losses rise. Legislators seek plans to cover up to 100000 per depositor, while Maryland faces a 2 million tax debt and possible federal relief delays. Bond ratings pressure threatens AAA status and statewide support shifts toward Barbara Mikulski.
MENTIONED IN THIS ARTICLE
General Assembly
Hughes
S&l
Muddy’s
Standard and Poors
Maryland
Harry Hughes
Baltimore Sun
Rep
Barabara Milkulski
D. Baltimore
Maryland S&L collapse widens as state takes over First Maryland
The state seizes First Maryland Savings and Loan of Silver Spring adding 400 million dollars in deposits to an already 1.1 billion dollar obligation with 120000 customers frozen. Judge Kaplan signs the order placing the thrift in receivership under MDIF as lawmakers rally amid political pressure and depositor protests in Annapolis.
MENTIONED IN THIS ARTICLE
Robert C. Reid
Annapolis
Maryland
Berry R. Hughes
House of Cards
Harry Hughes
United States
Merritt/Chase
New York
First
Maryland Savings and Loan
Silver Spring
Millstone
Baltimore
Iseph H.H. Kaplan
Hughes
S&l
First Maryland
Maryland Deposit Insurance Fund
MDIF
Community Savings and Loan
Bethesda
Old Court S&l
Melville
Brown
Chase Manhattan
Merritt Commercial Savings and Loan
S&t
General Assembly
Chamberlain
Churchill
Citicorp
Julian Seidel
Federal Deposit Insurance Corporation
FSLIC
Kaplan
Brouhaha
Kaplan-Hughes
George Liebmann
Maryland Savings and Loan Depositors Committee
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Michael Barnes
R-Montgomery
Chesnuts
Barbie
Dols
SAVE51
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Oeges
IRTE
Reg
Ularly
Uno
TeeTea Tel Hs
Stu Thomsen
Certifea
Cersea
Pike