This HTML5 document contains 38 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
n16https://books.google.com/books%3Fid=OhdZCgAAQBAJ&printsec=frontcover&dq=Inside+Job:
dbohttp://dbpedia.org/ontology/
foafhttp://xmlns.com/foaf/0.1/
n12https://global.dbpedia.org/id/
dbthttp://dbpedia.org/resource/Template:
rdfshttp://www.w3.org/2000/01/rdf-schema#
n13https://books.google.com/books%3Fid=C7koh_9_ap8C&printsec=frontcover&dq=Inside+Job:
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
owlhttp://www.w3.org/2002/07/owl#
wikipedia-enhttp://en.wikipedia.org/wiki/
dbchttp://dbpedia.org/resource/Category:
dbphttp://dbpedia.org/property/
provhttp://www.w3.org/ns/prov#
xsdhhttp://www.w3.org/2001/XMLSchema#
wikidatahttp://www.wikidata.org/entity/
dbrhttp://dbpedia.org/resource/

Statements

Subject Item
dbr:American_Savings_and_Loan
rdfs:label
American Savings and Loan
rdfs:comment
American Savings and Loan Association was an American savings and loan based in Stockton, California. It was the largest thrift failure and the federal government's costliest resolution during the savings and loan crisis at an estimated cost of $5.4 billion. Charles Knapp was convicted in 1993 of fraud, although it was not related to American Savings. His company, Trafalgar Holdings Ltd., obtained a $15 million loan from Western Savings and Loan in Phoenix, Arizona, using fraudulent financial information. He was sentenced to 6+1⁄2 years in prison.
dcterms:subject
dbc:Banks_established_in_1922 dbc:Savings_and_loan_crisis dbc:Bank_failures_in_the_United_States dbc:Defunct_banks_of_the_United_States
dbo:wikiPageID
54537154
dbo:wikiPageRevisionID
1058023268
dbo:wikiPageWikiLink
dbc:Defunct_banks_of_the_United_States dbr:Phoenix,_Arizona dbc:Savings_and_loan_crisis dbr:JP_Morgan_Chase_Bank dbr:Bank_run dbr:Western_Savings_and_Loan dbr:Robert_Bass dbr:Savings_and_loan dbr:Mark_Taper dbr:Los_Angeles dbc:Bank_failures_in_the_United_States dbr:Stockton,_California dbr:Savings_and_loan_crisis dbc:Banks_established_in_1922 dbr:Mortgage-backed_securities dbr:Irvine,_California dbr:Washington_Mutual_Bank
dbo:wikiPageExternalLink
n13:+The+Looting+of+America%27s+Savings+and+Loans&hl=en&sa=X&ved=0ahUKEwiovc-z0ITVAhVJND4KHcSdAxgQ6AEIKjAB%23v=onepage&q=American%20Savings&f=false n16:+The+Looting+of+America%27s+Savings+and+Loans&hl=en&sa=X&ved=0ahUKEwiovc-z0ITVAhVJND4KHcSdAxgQ6AEIIjAA%23v=snippet&q=Knapp&f=false
owl:sameAs
n12:3cnsU wikidata:Q39086399
dbp:wikiPageUsesTemplate
dbt:Short_description dbt:Reflist dbt:ISBN dbt:Frac dbt:JPMorgan_Chase
dbo:abstract
American Savings and Loan Association was an American savings and loan based in Stockton, California. It was the largest thrift failure and the federal government's costliest resolution during the savings and loan crisis at an estimated cost of $5.4 billion. The thrift was founded in 1922 as State Savings & Loan Association in Stockton. It was owned by Irvine, California based Financial Corporation of America (FCA). The thrift experienced rapid growth in the 1970s and early 1980s. In 1983, it acquired First Charter Financial Corporation in Los Angeles for $700 million. First Charter was the parent company of American Savings & Loan, and was controlled by real estate developer Mark Taper. State Savings changed its name to American Savings after the acquisition. In 1984, the thrift suffered a run of nearly $7 billion on its deposits after posting a $1.1 billion loss on bad investments and real estate loans. Chairman Charles W. Knapp and president J. Foster Fluetsch were forced out of the thrift by regulators in August 1984 and Bill Popejoy took over as chairman. However, the condition of the thrift continued to deteriorate. The thrift had large holdings of mortgage-backed securities. which were subject to price volatility as interest rates changed. A $468 million loss in 1987 left the thrift technically insolvent. American Savings was placed in receivership in September 1988. FCA filed for chapter 11 bankruptcy the next day. (In February 1989, it was changed to a chapter 7 liquidation.) The thrift was split into a good bank and bad bank, with New West Federal Savings bank as the bad bank. At the time it had $30 billion in assets and was one of the largest thrifts in the United States. The Robert M. Bass Group, Inc. of Fort Worth, headed by Robert Bass, acquired American Savings in December 1988 in a controversial deal with the federal government. They invested $500 million total over three years, and the federal governments contributed $1.7 billion. The thrift was then renamed American Savings Bank, F.A. The thrift purchased deposits and branches of Columbia Savings and Loan in 1991, Far West Savings and Loan in 1992, Valley Federal S&L in 1992, and Encino Savings Bank in 1994. In 1996, American Savings Bank was purchased by Washington Mutual Bank for $1.2 billion. Washington Mutual failed in 2008 and was acquired by JP Morgan Chase Bank. Charles Knapp was convicted in 1993 of fraud, although it was not related to American Savings. His company, Trafalgar Holdings Ltd., obtained a $15 million loan from Western Savings and Loan in Phoenix, Arizona, using fraudulent financial information. He was sentenced to 6+1⁄2 years in prison.
prov:wasDerivedFrom
wikipedia-en:American_Savings_and_Loan?oldid=1058023268&ns=0
dbo:wikiPageLength
6663
foaf:isPrimaryTopicOf
wikipedia-en:American_Savings_and_Loan