Some Lincoln Investors Did Not Lose: Bankers...
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From Times Staff and Wire Reports
Some Lincoln Investors Did Not Lose: Bankers Trust Co. was able to sell hundreds of millions of dollars of Lincoln Savings and Loan’s best assets for the benefit of foreign financial institutions six days after the institution was seized by federal regulators, the New York Times reported. The transaction was lawful and was made possible by a Reagan Administration policy meant to protect Wall Street firms that sold S&L; securities, the Times said.
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