Lincoln Bailout Cost Slashed: Lincoln Savings &...

Lincoln Bailout Cost Slashed: Lincoln Savings & Loan will cost taxpayers between $1.1 billion to $1.5 billion to sell or close, significantly less than industry experts had predicted, the nation’s top thrift regulator said during a visit to Southern California. M. Danny Wall, director of the Office of Thrift Supervision, said in an interview that regulators do not expect Irvine-based Lincoln to be the costliest thrift clean-up ever, as many analysts had projected. Industry experts previously have pegged the clean-up cost at $2 billion to $2.5 billion.