P. M. BRIEFING : Rep. Gonzales Asks Resignations of U.S. Savings-and-Loan Regulators
The chairman of the House bank committee called today for the resignation of federal savings-and-loan regulators after hearing a government report that the thrift crisis could have been handled more efficiently.
Rep. Henry B. Gonzalez (D-Tex.), chairman of the House Banking, Finance and Urban Affairs Committee, which is conducting a field hearing on thrift problems, has been critical of M. Danny Wall, the chairman of the Federal Home Loan Bank Board.
“I just feel . . . the Congress, and therefore the public, have been disgracefully misinformed. The persons responsible should step aside at this time,” Gonzalez said.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
