Thrift Industry: Cost to FSLIC of Delaying Action on Insolvent Savings Institutions
GGD-86-122BR
Published: Sep 09, 1986. Publicly Released: Sep 09, 1986.
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Highlights
In response to a congressional request, GAO provided information on: (1) the cost to the Federal Savings and Loan Insurance Corporation (FSLIC) of permitting insolvent thrift institutions to remain open instead of closing them immediately; and (2) the risk of losses on bad loans and investments incurred in closing such institutions.
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AuditsBank failuresFinancial institutionsFinancial managementLoan defaultsSavings and loan associationsInterest ratesMortgage marketMortgagesThrift institutions