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Resource ID: #7604
Subject: Savings And Loans
Source: Dallas Business Journal
Date: 1990-11-16



Dallas Business Journal investigates the sixth largest bankruptcy in U.S. history, the Southmark Corp.; chronicles its dramatic rise from a $109 million real estate trust to a $9.2 billion conglomeration, and then its equally dramatic fall, which was a result of phantom profits and overblown assets; concentrates on the two men who were the company's founders, Nov. 16, 1990.

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