S&L Crisis Is Bread and Butter for The Beverly Group By Mike Fitch

By Mike Fitch|2020-07-07T10:11:00-07:00February 3rd, 1992|

Beverly McFarland knows an opportunity when she sees one. Sometimes it's there for everyone to see. Sometimes, though, opportunity is found in odd places that escape the notice of most people. And occasionally, a business can find opportunity even in a disaster like the savings and loan crisis. McFarland saw the possibilities right away. Hundreds of savings and loans collapsed nationwide. Real estate, loans and other assets worth billions of dollars wound up in the hands of the federal government. The Resolution Trust Corp.--the federal agency set up to dispose of insolvent thrifts --was going to need help. [...]