Great Western Sues Government: Great Western Financial...

Great Western Sues Government: Great Western Financial Corp. sued the government, claiming that federal regulators unfairly thwarted the savings and loan company’s plan to leave the thrift industry’s federal insurance fund. The lawsuit, filed in U.S. District Court in Los Angeles, comes one day after the Federal Home Loan Bank Board rejected Great Western’s proposal to merge two of its subsidiaries in a deal that would, in effect, take the company’s big California operation out of the Federal Savings and Loan Insurance Corp.