(2 of 2)
The question is what happens to the bank's stockholders. Unlike depositors, whose funds are insured up to a total of $20,000 by the FDIC, they have no protection and could end up losing every nickel. At week's end, the biggest potential loser was ensconced in the penthouse of the Westgate Plaza Hotel in San Diego, protesting his innocence. All his troubles, said C. Arnholt Smith, stemmed from the fact that overzealous "bureaucrats" resented his friendship with President Nixon.
