MONTHLY JOURNALISM AWARD
The Washington Monthly JOURNALISM AWARD FOR MARCH 1992 IS PRESENTED TO James Risen and Robert A. Rosenblatt Los Angeles Times One of the few consolations of the S&L mop-up was the idea...
...Under that contract-a lagniappe to the investment bank after it helped rescue a New Jersey S&L-the RTC must now strip $3 billion in loans and other assets from seized thrifts across the country and sell them to the investment bank at a deep discount without competitive bidding...
...NW, Washington, D.C...
...The winner will be announced in the September issue...
...Nominations for stories published or aired in June will close July 15...
...Nominations for any newspaper, magazine, or radio or television station in the country are welcome...
...While the net cost to taxpayers on this deal will be around $150 million-small potatoes in the $500 billion scheme of things-the net effect of the Times’ evenhanded account is to convince us we’ll be seeing more like it as the S&L saga continues...
...The subject can be government in its federal, state, or municipal manifestation...
...20009...
...The Washington Monthly JOURNALISM AWARD FOR MARCH 1992 IS PRESENTED TO James Risen and Robert A. Rosenblatt Los Angeles Times One of the few consolations of the S&L mop-up was the idea that all the jets, ranches, pianos, and fine art seized from broke and decadent S&Ls would be resold at market value, softening the $500 billion blow to taxpayers...
...Desperate to avoid full-blown bailouts of teetering S&Ls, the clean-up crew at the Resolution Trust Company (RTC) has occasionally cut some cozy deals with Wall Street-deals that promise to add hundreds of millions to the bailout bill...
...Please send nominations to Monthly Journalism Award, 161 1 Connecticut Ave...
...The Monthly Journalism Award is presented each month to the best newspaper, magazine, television, or radio story (or series of stories) on our political system...
...Goldman Sachs is the beneficiary of one such hidden agreement...
...But in their March 26 story, Risen and Rosenblatt expose a snag in even the recovery attempt...
...Two copies of the article or broadcast text should accompany the nomination...
Vol. 24 • June 1992 • No. 6
