‘The Savings Scandal’
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I would hope the government agency that grants permission for the operation of a savings and loan has a list of all the inept bank officials (bank presidents, loan officers, etc.) of the failed savings and loans. Any name on the list would not be permitted to work in a savings and loan again.
Oh, that sounds a little tough. Why don’t we require all the savings and loan officials to carry private malpractice insurance. What a savings that would be to the taxpayers!
ANDREAS G. KOSTELAS
San Pedro
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