Most Thrifts Meet Bailout Standard: Nearly 75%...
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Most Thrifts Meet Bailout Standard: Nearly 75% of the nation’s thrifts already meet tougher capital standards proposed in the government’s multibillion-dollar bailout bill, according to a new study. Congress is scheduled this week to consider a $157-billion bailout bill for the industry. Among other components, the bill requires thrifts to have a 3% capital-to-assets ratio. Alex Sheshunoff & Co., the Austin, Tex.-based consulting firm that did the study, said the findings show that 73% of the nation’s 2,946 thrifts already meet that requirement.
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