TITLE

Surplus Is Helping To Ease Bailout Pain For Rhode Islanders

AUTHOR(S)

Kaplan, David

PUB. DATE

October 1998

SOURCE

Bond Buyer;10/08/98, Vol. 326 Issue 30495, p15

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports on the decline in Rhode Island taxpayers' bill for debt issued for the state's 1991 bank bailout. Estimated fall of the bailout's cost from the 1992 figure; State officials' issuance of bonds through the Depositors Economic Protection Corp. due to the failure of banks and credit unions across the state in 1991; Projected year by which all the state's debt would be paid off.

ACCESSION #

1163262

Tags: BONDS (Finance);  BANK loans;  BAILOUTS (Finance)

 

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