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Odessa American in Odessa, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 16, 1990

Page

10

Witness: Neil Bush loses ethical moorings in S&L case

Government witness Edward Conry testifies that Neil Bush did not lie or mislead but acted unethically by placing self interest above depositors and shareholders while serving as a Silverado Savings director. Regulators pursue subpoenas and possible FDIC negligence suit. Bush scheduled for Denver hearing.

Washington Neil Bush Denver Savings and Loan Federal Office of Thrift Supervision University of Colorado Edward J. Conry Bush Conry Silverado Banking, Savings and Loan Association of Denver OTS James Nesland Daniel J. Davidson Denver Davidson Timothy Ryan Silverado Kenneth M. Good Bill L. Walters Charles M. Pickett Federal Deposit Insurance Corp Walters Michael Wise Russell M. Murray The Thrift Wise FDIC Pickett Geoffrey C. Hazard Jr Yale Law School

Regulators push 62 percent FDIC premium hike for banks

The FDIC board voted 5-0 to propose a 1991 insurance premium rise to 19.5 cents per $100 of deposits from 12 cents, aiming to cover bank failures and avoid taxpayer bailouts. The proposal, subject to public comment, would lift premium income to about $4.8 billion and affect 12,500 banks.

Washington The Federal Deposit Insurance Corp FDIC L. William Seidman Ums Bert Ely Financial Institutions Alexandria Stephen Verdier

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