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Resource ID: #10952
Subject: Savings And Loans
Source: Record (Hackensack, N.J.)



The Record documents that how a local lawyer/politican played a role in the failure of a savings and loan; the series also looked at the S&L's unorthodox lending practices that gave special treatment to favored borrowers, using cash, mortgages and political favors to get a tax break. The story also revealed that more than $200,000 had flowed out of a charitable fund in checks to the mayor and close associates, June 5, Aug. 14, Dec. 4, 1994.

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