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Reply #56: From the Times piece, and I'm glad they included it: [View All]

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bunkerbuster1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-29-07 01:16 PM
Response to Reply #50
56. From the Times piece, and I'm glad they included it:
Hyde saw his own reputation tarnished during the process when an online magazine revealed that he'd had his own affair with a married woman some 30 years before. Hyde, in his early 40s at the time of the affair, brushed it off as a ''youthful indiscretion.''

Hyde also had a potentially more serious brush with scandal. He was among 12 former directors and officers of the Clyde Federal Savings and Loan who were sued for gross negligence by federal regulators after the 1990 failure of the North Riverside, Ill.-based institution. That failure cost taxpayers an estimated $68 million.

Hyde, who left the S&L in 1984, insisted he engaged in no wrongdoing and was the only director who refused to contribute to an $850,000 settlement that led to the lawsuit's dismissal in 1997.




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