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30 years later: Butcher banking failure

12:35 AM, Feb 14, 2013   |    comments
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The fourth largest banking failure in this country happened 30 years ago in Knoxville.

Jake Butcher and his brother C. H. Butcher, Jr. had built an empire of 28 banks, branches and offices that investigators later labeled a "paper empire."

10news Anchor Emeritus Bill Williams was there 30 years ago when that paper empire started tumbling down.

Watch the story above. 



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