At his sentencing, U.S. District Judge Ann Williams stated, "It's clear to this court that a pattern was established and that you, Mr. Walker, thought this bank was your own personal piggy bank to bail you out whenever you got into trouble."[REF][REF]
During the mid-1980s Savings and loan crisis, First American was declared insolvent and taken over by the Federal Savings and Loan Insurance Corporation (FSLIC).