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Failed Thrifts: No Compelling Evidence of a Need for the Federal Asset Disposition Association

GGD-89-26 Published: Dec 12, 1988. Publicly Released: Dec 12, 1988.
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Highlights

 

In response to a congressional request, GAO assessed the Federal Savings and Loan Insurance Corporation's (FSLIC) continued need for the Federal Asset Disposition Association (FADA) to determine: (1) the legality of the Federal Home Loan Bank Board's (FHLBB) creation of FADA; and (2) whether FSLIC continued to need FADA.

 

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Agency missionsAssetsBank examinationBank failuresFederal corporationsForeclosuresInsured commercial banksLending institutionsLiability insuranceSavings and loan associations