Hawaii Meeting Off: With the government proposing...

Hawaii Meeting Off: With the government proposing to spend billions of dollars to bail out the savings and loan industry, the National Council of Savings Institutions will forgo holding its annual convention in Hawaii. Charles John Koch, a Cleveland savings bank executive and chairman of the council, said it would be inappropriate to hold the island meeting “ when Congress and the Administration are working to find a solution to this terrible crisis facing taxpayers and the Federal Savings and Loan Insurance Corp”. The group said it was making plans for a scaled-down meeting in Washington.