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Crisis Resolution in the Thrift Industry

A Mid America Institute Report

  • Roger C. Kormendi
  • Victor L. Bernard
  • S. Craig Pirrong
  • Edward A. Snyder

Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 3)

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 1-7
  3. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 9-17
  4. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 19-25
  5. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 27-31
  6. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 33-47
  7. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 49-69
  8. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 71-85
  9. Roger C. Kormendi, Victor L. Bernard, S. Craig Pirrong, Edward A. Snyder
    Pages 87-88
  10. Back Matter
    Pages 89-109

About this book

Introduction

On February 6, 1989, the Federal Home Loan Bank Board contacted Mid America Institute to inquire whether it would undertake an independent, academically oriented analysis of the insolvency resolution crisis in the thrift industry. The Senate Banking Committee, during the course of hearings on the thrift crisis, had suggested to the Bank Board tile desirability of an independent assessment of Bank: Board and FSLIC resolution methodology, specifically as it related to the controversy surrounding the December deals, the Southwest Plan, and the possibility that tax considerations were driving certain deals. The Bank Board had already initiated studies from industry-oriented perspectives. Therefore, it felt that an academic perspective would provide both a valuable addition to the process, and by the nature of academia, perhaps the best prospect of a credible and independent viewpoint. The Bank Board was prepared to give an appropriately structured Task Force virtually unlimited access to all personnel, documents and resources that the Task Force felt necessary to come to an uncompromising assessment. The only significant constraint imposed was that a report had to be available prior to the start of the next round of Senate Banking Committee hearings on March 1, 1989. The Task Force would be given complete discretion as to the scope and coverage of the report, but it was requested that the topic of the December deals, particularly the associated tax considerations, be a significant part of the report.

Keywords

Acquisition assessment banking cash flow evaluation growth management marketing research science and technology

Authors and affiliations

  • Roger C. Kormendi
    • 1
  • Victor L. Bernard
    • 1
  • S. Craig Pirrong
    • 1
  • Edward A. Snyder
    • 1
  1. 1.University of MichiganUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-009-0735-5
  • Copyright Information Springer Science+Business Media B.V. 1989
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-6815-4
  • Online ISBN 978-94-009-0735-5
  • Buy this book on publisher's site
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