Silverado Savings and Loan collapse

E186705

The Silverado Savings and Loan collapse was a major U.S. financial scandal of the late 1980s involving risky real-estate lending, political connections, and significant losses during the savings and loan crisis.

All labels observed (2)

How this entity was disambiguated

Statements (41)

Predicate Object
instanceOf bank failure ⓘ
financial scandal ⓘ
savings and loan crisis event ⓘ
boardMemberInvolved Neil Bush ⓘ
collapseYear 1988 ⓘ
consequence congressional investigations into savings and loan failures ⓘ
increased scrutiny of political influence in banking regulation ⓘ
context Reagan-era financial deregulation ⓘ
country United States ⓘ
financialSector thrift institutions ⓘ
hasPoliticalConnection George H. W. Bush family ⓘ
Neil Bush ⓘ
historicalSignificance illustrative example of savings and loan crisis dynamics ⓘ
notable case in U.S. banking regulation history ⓘ
industry savings and loan ⓘ
insuredBy Federal Savings and Loan Insurance Corporation ⓘ
involvesOrganization Silverado Savings and Loan Association ⓘ
legalOutcome civil actions by regulators against directors ⓘ
locatedIn Denver, Colorado ⓘ
mainCause insider transactions ⓘ
poor risk management ⓘ
risky real-estate lending ⓘ
speculative commercial real-estate investments ⓘ
mediaCoverage extensive national media attention in the United States ⓘ
natureOfLosses large loan losses on commercial real-estate projects ⓘ
partOf savings and loan crisis ⓘ
publicPerception example of cronyism in the savings and loan crisis ⓘ
symbol of deregulation failures in 1980s finance ⓘ
regulator Federal Home Loan Bank Board ⓘ
Federal Savings and Loan Insurance Corporation ⓘ
relatedTo Keating Five scandal ⓘ
Lincoln Savings and Loan collapse ⓘ
result federal bailout costs ⓘ
insolvency of Silverado Savings and Loan Association ⓘ
losses to U.S. taxpayers ⓘ
timePeriod late 1980s ⓘ
triggeredBy decline in real-estate values ⓘ
loan defaults ⓘ
typeOfMisconduct conflict of interest ⓘ
self-dealing ⓘ
unsafe and unsound lending practices ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Neil Bush → notableEvent → Silverado Savings and Loan collapse ⓘ
Federal Deposit Insurance Corporation Improvement Act of 1991 → enactedInResponseTo → savings and loan crisis ⓘ
linked to: Silverado Savings and Loan collapse