The Killing of Alydar
In 1990 the legendary Thoroughbred was put to sleep after his leg was broken—an accident, it seemed, until a tenacious prosecutor linked his death to a Houston bank scandal.
In 1990 the legendary Thoroughbred was put to sleep after his leg was broken—an accident, it seemed, until a tenacious prosecutor linked his death to a Houston bank scandal.
When a small private bank was closed on August 7, depositors lost all of their money, a pillar of the community came tumbling down, and the town’s trusting way of life was shattered.
A series of terrible decisions and bad breaks ruined Gibraltar Savings. Is rescuing it another mistake?
In the early eighties, some Dallas savings and loans reaped profits in real estate investments while land was flipped, appraisals were inflated, and property was developed. Now the land deals have flopped, property values are deflated, and there are empty buildings all over town. And some S&Ls are broke
It’s a bank-eat-bank world out there.
The biggest Texas banks are up to their same old game—getting bigger.