By the early 1920s he controlled 27 building and loan associations.
It went public in the 1960's, before many other savings and loan associations.
By 1934, 1,600 of 3,400 savings and loan associations had shut down.
A few savings and loan associations have also entered the market.
At the same time, savings and loan associations have become less dominant.
Though the group has had some early success, turning around one struggling savings and loan association, the record is far from complete.
First, let's take a look at the roots of the savings and loan associations.
The operation recently bought a failed savings and loan association in Houston.
He said that nine of the state's 11 savings and loan associations were operating deep in the red.
Why the favored status to the savings and loan associations?
