Toledo Law Review
savings and loan, federal home loan bank board
Banking and Finance Law | Law | Law and Economics
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.
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
Available at: https://scholarship.law.vanderbilt.edu/faculty-publications/730