Conservatorship


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Conservatorship

An entity either set up by the government or by court order that takes control of an organization that is unable to function on its own (due to legal or financial distress). See: Conservator
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As a result, President Bush in the early days of his administration acted to place insolvent S&Ls in federal conservatorships while the Congress developed legislation to address the fundamental structural, regulatory, and deposit insurance problems in the thrift industry.
The decline of federal deposit insurance funds for the thrift and commercial banking industries in the 1980s was the first occasion since the 1930s for a crisis-related review of receivership and conservatorship structures.
The number of 60-plus-days-delinquent loans declined 3 percent during the final quarter of 2014, ending at the lowest level since the start of conservatorship.
Bynes was confined to psychiatric hold five months in July 2013, after which her conservatorship was given to her mother.
WASHINGTON -- Today, Citizens Against Government Waste (CAGW) slammed executives at the nation's two largest government-sponsored enterprises, Fannie Mae and Freddie Mac, for pocketing enormous salaries while the two enterprises flounder under government conservatorship.
The NCUA placed Keys FCU into conservatorship in September 2009.
KTB has been under conservatorship by the BNB since mid-June.
Washington, Oct 17 ( ANI ): Britney Spears' former nanny is all set to testify that the pop singer has been emotionally manipulated throughout her court-ordered conservatorship along with offering shocking details, when she takes the stand this week as a witness for the 'X Factor' judge's former manager Sam Lutfi.
Zsa Zsa Gabor's ninth husband, Frederic von Anhalt, won a minor legal victory in his ongoing feud with the ailing actress's daughter, Constance Francesca Hilton, when a Los Angeles judge approved an agreement that gives the 69-year-old conservatorship over the ailing actress's non-monetary affairs for the next six months, according to various (http://latimesblogs.
We have successfully completed the first phase of conservatorship, and I am proud of our employees and what we have accomplished together.
Lockhart, made positive comments about the financial health of Fannie Mae and Freddie Mac in July of 2008, just two months prior to the creation of the conservatorship.
The troubled star was made the subject of a conservatorship - a legal arrangement in which other people take control of key decisions - in February 2008 after several high-profile incidents of erratic behaviour.