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From Times Staff and Wire Reports

Casey Says He Can Handle Complex Setup: Albert V. Casey, in his first congressional appearance as chief executive of the savings and loan bailout program, assured lawmakers that he could work effectively within the complex, two-board administrative structure of his agency. Casey, a former chairman of American Airlines, admitted that he had never encountered in private life an administrative setup similar to that of the Resolution Trust Corp. But, he told the Senate Banking subcommittee on consumer and regulatory affairs, “I accepted my appointment with full confidence that I could manage the RTC effectively under the current system.” Until Casey’s appointment last week, it did not have a true chief executive.

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