S&L CEO steps down

By Mark Lacter | December 12, 2009 9:08 AM

FirstFed Financial's Babette Heimbuch has been battling to save the L.A. savings and loan. First Fed got hit badly by pay-option mortgages, or "option ARMs," that resulted in huge losses and government warnings to bulk up on capital. James Giraldin, FirstFed's president and COO, succeeds Heimbuch. (LAT)



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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