Business, Management and Accounting
7 years ago

Federal Home Loan Bank Board's Tax Bailout Plan for Savings Crisis

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˜The œUniversity of Toledo law review/University of Toledo law review
One Tax Piece of the Savings and Loan Crisis: Can the Federal Home Loan Bank Board Use the Internal Revenue Code to Bail Out the Ailing Savings and Loan Industry?
Beverly I. Moran

Paper Summary

The article discusses how the Federal Home Loan Bank Board tried to use the tax code to help struggling savings and loan institutions during the crisis. The Sixth Circuit Court examined the process of turning an economic loss into a tax-deductible loss.

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