P.M. BRIEFING : R.I. Bankers Get 1-Week Break
Gov. Bruce Sundlun gave Rhode Island credit unions and banks that were closed because of the current banking crisis one more week today to obtain the federal insurance they need to reopen.
The governor also called on Atty. Gen. James O’Neil to appoint an independent prosecutor to investigate the event that led to the crisis--the collapse of the Rhode Island Share and Deposit Indemnity Corp.
Sundlun gave the credit unions and banks breathing room by pushing back to Jan. 28 the start-up date for his plan to take control of the institutions and sell off their assets. The previous start-up date was Jan. 21.
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