In December 1989, the Howard Saving Bank shocked the financial world when it reported that it expected to report a $63 million loss for 1989. Prior to the report, the bank had reported strong earnings every quarter since it went public in 1983. In 1982, the Howard Savings Bank elected a chief executive officer, Donald McCormick. Howard Powerless tells the story of the years leading up the McCormick administration.
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Paul A. Luscombe
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