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To: Rachel M. Kuecks who wrote (50977)3/23/1998 2:38:00 AM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
Rachel - Re: " A lot of money was not guaranteed (more than just
over $100,000). Yes, I do know people that lost over $30,000 in Lincoln savings (all they had invested) because they were in uninsured bonds.."

Thanks for your information regarding the Lincoln S & L debacle. Clearly, many people did lose money for "investments" that were not insured by the FDSLIC and as you noted, this caught a lot of people by surprise.

I believe Charles Keating is the guy you were referring to - former head of Lincoln S & L. He was convicted for his part in the fiasco, served time in prison, but i think his conviction has been (recently) overturned.

Intel investors, on the other hand, can "hold on" for another day. They are not about to go out of business like Lincoln and many other S & L's did.

Paul