The resurrection of Ed Gray; He emerges from S&&L mess as 'hero'
Jan. 10, 1990
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MIAMI - Ed Gray is talking so intently over breakfast that his raspberry danish is untouched and his second cup of coffee is cold.
"I've been accused of writing revisionist history," admits Gray, the USA's chief savings and loan regulator from 1983 to 1987. "The fact of the matter is quite the opposite."
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The mounting S&&L mess; Problems deepen and boost costs
Apr. 13, 1990
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FDIC Chairman William Seidman and new Office of Thrift Supervision Director Timothy Ryan have found themselves trying to make sense out of chaos.
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S&&L mess; How deep is the anger; Politicians 'scrambling for cover'
July 13, 1990
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On a flight from Phoenix to Washington this week, Fred Webber innocently told the elderly woman sitting next to him what he did for a living.
"It was a very unpleasant plane ride after that," says Webber, president of the U.S. League of Savings Institutions, the savings and loan trade group.
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The Keating five; Senators to pay S&&L's political cost
Nov. 15, 1990
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Five senators face ethics charges today as an extraordinary public airing of their behind-the-scenes role on behalf of S&&L kingpin Charles Keating Jr. begins.
CNN and C-Span plan extensive live coverage, guaranteeing an unprecedented look at the biggest political influence-peddling charges to come out of the $500 billion savings-and-loan debacle.
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Dixon gets 5-year term, $600,000 penalty
Apr. 3, 1991
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Don Dixon, former chief executive of failed Vernon Savings && Loan, was sentenced Tuesday to five years in prison and must pay more than $600,000.
Dixon, convicted Dec. 20 on 23 counts of fraud and racketeering, could have gotten 120 years and fines of $37 million.
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S&&L spotlight on Paul; Questions intensify about CenTrust's former chairman; His opulence, poverty pleas are targets
May 31, 1991
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Just as the nation's thrift scandal was receding from headlines, a candidate has emerged to replace Charles Keating as Savings && Loan Poster Boy.
David L. Paul, the former chairman of Miami's failed CenTrust Savings Bank, is under investigation by at least six federal agencies, from the Justice Department to the Federal Deposit Insurance Corp. His political connections and opulent lifestyle might make even Keating - who once bragged of his clout with U.S. senators - envious.
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S&&L 'Why such a mess?' As the bailout cost triples, the government struggles to gain control; Size of crisis overwhelming regulators
June 12, 1991
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WASHINGTON - The savings and loan mess is getting messier, a fact that has many experts asking if it can be managed at all.
The bad news was delivered Tuesday by the watchdog General Accounting Office.
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RTC's cleanup man; Al Casey steps in to close more S&&Ls; Former postal chief faces stiff challenge
Oct. 25, 1991
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He helped Times Mirror become a media giant. He salvaged American Airlines from scandal and losses. He even shook the unshakeable bureaucracy of the Postal Service in a short but stormy tenure as postmaster general.
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Keating guilty in Lincoln S&&L fraud case
Dec. 5, 1991
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LOS ANGELES - When Lincoln Savings && Loan went bankrupt in 1989, it cost taxpayers $2.6 billion. Wednesday, a jury said it could cost former Lincoln chief Charles Keating Jr. prison time.
Keating, who turned 68 Wednesday, appeared grim as a court clerk read guilty verdicts for 17 counts of state securities fraud. Keating was found innocent of an 18th count.
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Back in in the black; S&&L future looks dark, not hopeless
March 11, 1992
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Looted by crooks, shaken by swings in interest rates, burned by risky loans, the savings-and-loan industry could use a little good news.
Tuesday, it got some: The USA's 2,096 S&&Ls made money last year, the first time since 1986, the Office of Thrift Supervision said. The industry earned $2 billion last year, vs. 1990's $2.9 billion loss.
