Maryland; Governor Names New Director for Much-Assailed Savings and Loan Division

American Banker, February 18, 1986 | Go to article overview

Maryland; Governor Names New Director for Much-Assailed Savings and Loan Division


BALTIMORE -- Gov. Harry R. Hughes has appointed William M. Griffin director of the Maryland Division of Savings and Loan Associations, the state regulatory body that has received much of the blame for the collapse of the state's privately insured savings industry.

Mr. Griffin, 42, who has worked in the thrift industry and currently heads one of the largest credit unions in Baltimore, is to begin work on March 3. His appointment was announced by Gov. Hughes last Tuesday.

In taking control of the Division of Savings and Loans, Mr. Griffin will be responsible for taking a demoralized department and restoring confidence to its employees.

He succeeds Charles H. Brown JR., who retired last summer. Mr. Brown and his former deputy, william S. LeCompte Jr., who was recently forced to resign, were heavily criticized in an extensive report by the state's special counsel, Wilbur D. Preston Jr.

The special counsel, a position created last May ton investigate the causes of the state's S&L crisis, blamed Mr. Brown and Mr. LeCompte for failing to regulate the industry and for allowing executives of several savings and loans to allegedly violate the law and, in some cases, to allegedly engage in criminal activity.

Mr. Prston's allegations about widespread wrongdoing in the Maryland thrift industry "came as quite a bit of a shock," Mr. Griffin said. "I was definitely appalled at the apparent lack of regulation."

Because the state has so little control over the activities of the state-regulated thrifts, Mr. Preston is proposing an extensive rewriting of the Maryland law governing S&Ls. He is recommending that the legislature make the director of the division extremely powerful, with authority to remove S&L officers and directors, limit types of investments, and stop any unsafe and unsound practices. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Maryland; Governor Names New Director for Much-Assailed Savings and Loan Division
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.