One Tax Piece of the Savings and Loan Crisis: Can the Federal Home Loan Bank Board Use the Internal Revenue Cose to Bail Out the Ailing Savings and Loan Industry?

Authors

Beverly I. Moran

Document Type

Article

Publication Title

Toledo Law Review

Publication Date

1991

Page Number

351

Keywords

savings and loan, federal home loan bank board

Disciplines

Banking and Finance Law | Law | Law and Economics

Abstract

In Cottage Savings Association v. Commissioner the Sixth Circuit delves into a little known aspect of the savings and loan crisis-the attempt by the Federal Home Loan Bank Board to use the Internal Revenue Code ("Code") to help bolster its failing constituent thrifts. In the course of its analysis, the Sixth Circuit must articulate the requirements for transforming an economic loss into a deductible tax loss.

Recommended Citation

Beverly I. Moran, One Tax Piece of the Savings and Loan Crisis: Can the Federal Home Loan Bank Board Use the Internal Revenue Cose to Bail Out the Ailing Savings and Loan Industry?, 22 Toledo Law Review. 351 (1991)
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/730