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?

Sixth Circuit Review, 22 University of Toledo Law Review 351-378 (1991)

29 Pages Posted: 21 Mar 2019

See all articles by Beverly I. Moran

Beverly I. Moran

Vanderbilt University - Law School

Date Written: 1991

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.

Keywords: United States, Internal Revenue Service, Federal Home Loan Bank Board, Savings and Loan Associations, Law and Legislation

Suggested Citation

Moran, Beverly I., 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? (1991). Sixth Circuit Review, 22 University of Toledo Law Review 351-378 (1991), Available at SSRN: https://ssrn.com/abstract=3334260

Beverly I. Moran (Contact Author)

Vanderbilt University - Law School ( email )

131 21st Avenue South
Nashville, TN 37203-1181
United States

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