The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "bailouts" ...
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No title (id: 12348)
The Wisconsin State Journal reports on how Gov. Tommy Thompson said he had no advance knowledge of a state bailout of the Royal Plastics factory in his hometown of Elroy, although members of his staff were in touch with the factory and people with a major stake in keeping the plant alive. (Nov. 4, 1994)
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Beachfront Bailout: Thousands of homes stand in harm's way but are sheltered by an umbrella of federal subsidies.
Common Cause Magazine reveals how the federal government props up the beachfront communities for the rich by underwriting insurance policies which no private company would touch; the policies promote risky construction and cost taxpayers hundreds of millions.
Tags: National Flood Insurance Program; Outer Banks; Currituck County; housing construction; hurricane
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No title (id: 8714)
New Republic alleges that Reagan administration officials held off taking action on the savings and loan crisis in the fall of 1988 until after the election; estimates the delayed action cost the country an extra $66 billion of the $500 billion bailout; also provides evidence for the claim that Bush is following a similar deferrment strategy in 1992 with weak banks, June 29, 1992.
Tags: Waldman FDIC
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No title (id: 8676)
National Law Journal (New York) looks at a new area where costs will be added to the savings and loan bailout, U.S. Claims Court; Congress passed a thrift reform bill in 1989, which broke contracts with owners of thrifts; now the owners can sue for breach of contract, June 29, 1992.
Tags: None
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The Great American Bailout
"CIR's Frontline documentary on the savings-and-loan bailout calls this the biggest U.S. financial scandal ever. 'This is the mother of all government mistakes,' says William Seidman, former Resolution Trust Corporation, the federal bailout agency charged with managing and selling off failed S&L assets worth hundreds of billions in taxpayer's dollars. This CIR investigaiton shows how and why the government has bungled the bailout, telling the inside story of mismanagement and politics that has doubled the projected cost of the bailout, which is now estimated to reach $700 billion or more. "
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RTC Housing
Center for Investigative Reporting (San Francisco) looks into the Resolution Trust Corporation and its scheme to get poor farmers to pay the back taxes that the RTC owes on abandoned houses, all under the guise of a conveyance of homes to not-for-profit groups representing low-income people who need jobs.
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The S&L scandal of the '90s is the federal bailout itself
Sacramento Bee column by Center for Investigative Reporting writers explains why the federal government bungled the savings and loan bailout; estimates that this mismanagement doubled the cost of the bailout; see related PBS Frontline piece, file No. 8262, Oct. 20, 1991.
Tags: Banks Savings and Loans
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No title (id: 8259)
Center for Investigative Reporting (San Francisco) reports on the Resolution Trust Corporation and how it is ignoring the needs of low-income families in its bailout of the savings and loans, Spring 1991.
Tags: CA Willis Clyde RTC
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No title (id: 7337)
Dallas Times Herald makes extensive use of banking records to disclose former Texas Gov. John Connally left taxpayers an $80 million tab when he filed for bankruptcy July 1987, the result of bad loans from thrifts and banks that failed and required government bailouts, including Charles Keating's Lincoln S&L; Connally purchased $600,000 condo; finds Keating once was fundraiser for Connally's presidential bid, Dec. 16 - 17, 1990.
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$353,000 Bailout Trips AMA Exec
Chicago Sun-Times reports on a top American Medical Association official who resigned when it was disclosed he received an inappropriate reimbursement for his losses in the 1987 stock market crash.