TITLE

Building a little nest egg

PUB. DATE
March 1993
SOURCE
U.S. News & World Report;3/29/93, Vol. 114 Issue 12, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that Treasury Secretary Lloyd Bentsen told Congress last week that the Clinton administration will need $11 billion more for the savings and loan bailout. End may be near on a cleanup estimated to cost about $130 billion; Bentsen stated that it was unknown as to whether $45 billion would be enough for the cleanup.
ACCESSION #
9303240788

 

Related Articles

  • Rising pressure to change rules on mutual conversions stirs fears. Meredith, Robyn // American Banker;2/17/1994, Vol. 159 Issue 33, p3 

    Reports on the Shadow Financial Regulatory Committee's pressure for the government to take some of the proceeds when mutual savings and loans (S&L) convert to stock ownership. Technical owners of mutuals; Need for the issuance of transferable rights by the converting institutions; Beneficiaries...

  • FDIC proposal could press mutuals into going public. Meredith, Robyn // American Banker;6/1/1994, Vol. 159 Issue 104, p1 

    Reports on the proposal by the Federal Deposit Insurance Corp. (FDIC) which would require mutual thrifts converting to public ownership to give a portion of their net worth to depositors, charities, or the government. Effort to overhaul rules mutual conversion; Opposition of Comptroller of the...

  • Cleveland fed chief asks fewer S&L rules.  // American Banker;10/6/1993, Vol. 158 Issue 192, p2 

    Reports on Federal Reserve Bank of Cleveland President Jerry Jordan's call for reductions in government regulations of the nation's savings and loan association. Effect of too much government regulation; Proposal for the exemption of depository institutions from regulations.

  • Regulators eye S&L conversions for possible abuses by insiders. Meredith, Robyn // American Banker;11/9/1993, Vol. 158 Issue 215, p2 

    Reports on the plans of the Federal Deposit Insurance Corp. (FDIC) and the Office of Thrift Supervision (OTS) to enforce regulations on depositor-owned thrifts that switch to state charters to take advantage of generous laws governing stock conversions. Alleged thrifts' conversion to state...

  • Capital crimes. Zuckerman, M.B. // U.S. News & World Report;10/2/89, Vol. 107 Issue 13, p72 

    Editorial. Discusses savings and loans, which are now the focus of a $300 billion financial scandal. Argues for reform of S&Ls by suggesting that responsibility be restored by bringing back the power of private market forces to punish risk.

  • Can the thrifts be salvaged? Pauly, D.; Thomas, R. // Newsweek;8/21/1989, Vol. 114 Issue 8, p38 

    Discusses the $166 billion savings and loan bailout bill President George Bush signed recently, and the problems many in the industry believe the bill will bring, rather than help. Measures; Costs to taxpayers; Controversy. INSET: Paying the tab..

  • Hopes for fix of thrift fund fade amid fight over budget. McConnell, Bill // American Banker;4/25/1996, Vol. 161 Issue 79, p1 

    Reports that a short term funding bill to be passed by Congress in order to rescue the Savings Association Insurance Fund has little hopes of being passed. Plans by Congress to vote on a broader budget measure; Comments from American Bankers Association chief lobbyist Edward L. Yingling;...

  • New thrift capital requirements.  // Mortgage Banking;Oct93, Vol. 54 Issue 1, p11 

    Reports on the adjustment in capital requirements of thrifts' interest rate risk component issued by the Office of Thrift Supervision. Holding of additional capital of institutions if their interest rate exceeds certain limits; Decline in net portfolio value.

  • Those welfare bankers. Folbre, N. // Newsweek;10/16/1989, Vol. 114 Issue 16, p17 

    Opinion. Talks about the welfare bankers, or the bankers who got their savings and loan institutions into trouble and are now being bailed out by the federal government. Compares the bankers to welfare mothers and suggests ways the bankers can be helped.

Share

Other Topics