Preliminary Inquiry Into Allegations Regarding Senators Cranston, DeConcini, Glenn, McCain and Riegle, and Lincoln Savings and Loan: Open Session Hearings Before the Select Committee on Ethics, United States Senate, One Hundred First Congress, Second Session, November 15, 1990, Through January 16, 1991 : Exhibits of Special Counsel, Volume 4U.S. Government Printing Office, 1991 |
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Página 1130
... contains the entire agreement between the parties hereto with respect to the subject matter hereof , and all prior negotiations , agreements and understandings are merged herein . This Agreement may not be 3 modified or rescinded except ...
... contains the entire agreement between the parties hereto with respect to the subject matter hereof , and all prior negotiations , agreements and understandings are merged herein . This Agreement may not be 3 modified or rescinded except ...
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Palavras e frases frequentes
ACC's action additional agency aircraft American Continental application approval Arizona asked assets association ATTORNEY authority aware Bank Board believe Black California capital Chairman charge Committee concerning confidential CONGRESS continued Corporation correct COUNSEL dated December DEPOSITION OF ROSEMARY direct direct investment Director discussed document Enforcement examination fact Federal FHLBB filed flights FSLIC GALLAGHER going Gray industry institutions interest investment involved issue John Keating letter Lincoln March matter MCALEER mean meeting million MURPHY November Objection operations percent proposed question real estate received record regarding regulation regulatory reimbursement request response result ROSEMARY STEWART VOL rule savings and loan securities Senator McCain SPECIAL specific staff Stevens STICKLEY & SCHUTZMAN supervisory talking tell testimony told transactions understand Washington WHITE WITNESS
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Página 1134 - THEREFORE, for and in consideration of the premises and the other mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1 . Appointment of Escrow Agent.
Página 540 - ... shall be the sole agent for each subsidiary in the group, duly authorized to act in its own name In all matters relating to the tax liability for the consolidated return year. No subsidiary shall have authority to act for or to represent itself In any such matter.
Página 451 - Smith, Jr., and George J. Benston protested that the constraint imposed by the Direct Investment Regulation was economically inefficient, bore no causal relationship to thrift failures, constituted a bar to 'an investment option that is necessary to the financial health and, in many cases, the survival of savings and loan associations...
Página 422 - In reaction to these developments in the industry which made it impossible for thrifts to attract and maintain deposits, Congress passed the Depository Institutions Deregulation and Monetary Control Act of 1980, which eliminated the interest rate ceiling and lifted certain restrictions that impeded competition among different types of financial institutions, when it became evident that thrifts needed even greater freedom to compete with other institutions and to make investments that had less interest...
Página 196 - District for all examination and supervision purposes. 24. The parties acknowledge that they have voluntarily entered into this Memorandum of Understanding solely to resolve all outstanding issues between them. Neither this Memorandum of Understanding, nor the compromise and settlement provided for therein, nor any statements made, action taken, or documents prepared in connection with the negotiation, execution, or implementation of the Memorandum of Understanding, shall be deemed or construed as...
Página 444 - November 1984 operating plan projects asset growth of 41% during 198S, to a total of $3.16 billion, 50% in 1986, to a total of $4.7 billion, and 33% for 1987, to a total of $6.3 billion. Virtually none of Lincoln's asset growth since its acquisition is attributable to its home mortgage portfolio, but is instead comprised of investments in non-investment grade bonds, equity securities, purchases of raw land and ADC loans.
Página 450 - ACC had rescued Lincoln with the expressed intent, and apparent regulatory blessing, to improve Lincoln's investments in real estate, high-yield securities and other non-traditional areas in the deregulated environment. As described above, ACC's acquisition of Lincoln was premised upon its ability to manage Lincoln consistent with the deregulation philosophies expressed both in Congress and in the California legislature. ACC and Lincoln believed strongly that the limitations set forth in the Direct...
Página 537 - We do not share Kenneth Leventhal's confidence that theirs is the only correct application of the 200 pages of accounting principles appended to its report. In fact, we also question any alleged analysis which contains the . . . extraordinary, gratuitous and, I believe, unprofessional statement they made [questioning the economic substance of any major Lincoln transaction based solely on a limited review of only IS transactions ] . Gladstone's colleague, Nancy A.
Página 183 - SF") commenced an examination of Lincoln on March 13, 1986, which resulted in a Report of Examination dated April 20, 1987; Lincoln filed a written response dated June 26, 1987; the Office of Enforcement of the FHLBB...
Página 480 - ... the conduct of the Federal Reserve Board, the Office of the. Comptroller of the Currency, the Federal Deposit Insurance Corporation, the...