Silverado Savings and Loan collapse
E186705
The Silverado Savings and Loan collapse was a major U.S. financial scandal of the late 1980s involving risky real-estate lending, political connections, and significant losses during the savings and loan crisis.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Silverado Savings and Loan collapse canonical | 1 |
| savings and loan crisis | 1 |
Statements (41)
| Predicate | Object |
|---|---|
| instanceOf |
bank failure
ⓘ
financial scandal ⓘ savings and loan crisis event ⓘ |
| boardMemberInvolved | Neil Bush ⓘ |
| collapseYear | 1988 ⓘ |
| consequence |
congressional investigations into savings and loan failures
ⓘ
increased scrutiny of political influence in banking regulation ⓘ |
| context | Reagan-era financial deregulation ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| financialSector | thrift institutions ⓘ |
| hasPoliticalConnection |
George H. W. Bush family
ⓘ
Neil Bush ⓘ |
| historicalSignificance |
illustrative example of savings and loan crisis dynamics
ⓘ
notable case in U.S. banking regulation history ⓘ |
| industry | savings and loan ⓘ |
| insuredBy | Federal Savings and Loan Insurance Corporation ⓘ |
| involvesOrganization |
Silverado Savings and Loan
ⓘ
surface form:
Silverado Savings and Loan Association
|
| legalOutcome | civil actions by regulators against directors ⓘ |
| locatedIn | Denver, Colorado ⓘ |
| mainCause |
insider transactions
ⓘ
poor risk management ⓘ risky real-estate lending ⓘ speculative commercial real-estate investments ⓘ |
| mediaCoverage | extensive national media attention in the United States ⓘ |
| natureOfLosses | large loan losses on commercial real-estate projects ⓘ |
| partOf | savings and loan crisis ⓘ |
| publicPerception |
example of cronyism in the savings and loan crisis
ⓘ
symbol of deregulation failures in 1980s finance ⓘ |
| regulator |
Federal Home Loan Bank Board
ⓘ
Federal Savings and Loan Insurance Corporation ⓘ |
| relatedTo |
Keating Five scandal
ⓘ
Lincoln Savings and Loan collapse ⓘ |
| result |
federal bailout costs
ⓘ
insolvency of Silverado Savings and Loan Association ⓘ losses to U.S. taxpayers ⓘ |
| timePeriod | late 1980s ⓘ |
| triggeredBy |
decline in real-estate values
ⓘ
loan defaults ⓘ |
| typeOfMisconduct |
conflict of interest
ⓘ
self-dealing ⓘ unsafe and unsound lending practices ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
Federal Deposit Insurance Corporation Improvement Act of 1991
→
enactedInResponseTo
→
Silverado Savings and Loan collapse
ⓘ
this entity surface form:
savings and loan crisis