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CenTrust was one of the largest buyers of junk bonds (high yield bonds) in the country, with over $1.4 billion on the bank's books at its peak.It was part of Drexel Burnham Lambert's "daisy chain" of junk bond buyers like Lincoln Savings in Irvine, Imperial Savings in San Diego, Gibraltar Savings in Simi Valley, Silverado Savings & Loan in Denver, and Columbia Savings in Beverly Hills.