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Resource ID: #10023
Subject: Savings And Loans
Source: Atlanta Business Chronicle
Affiliation: 
Date: 

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Description

Atlanta Business Chronicle tells the story of a Savings and Loan that the government not only allowed to fail but helped to create and illegally capitalize; the S&L was created with the capital of 43 acres of land that the government valued at 10 times its assessed value; the S&L took deposits from a poor rural community to finance risky projects in wealthy areas, Dec. 17, 1993.

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