BANKING & FINANCE - April 4, 1992
From Times Staff and Wire Reports
Gonzalez Wants Healthy Thrifts to Bail Out RTC: The chairman of the House Banking Committee introduced a bill that would help fund the savings and loan bailout with a levy that would eat up about $500 million of the thrift industry’s nearly $2 billion in 1991 profits. The legislation by Rep. Henry B. Gonzalez (D-Tex.) is sure to meet stiff opposition from savings and loans. Gonzalez proposed the plan after the House’s rejection Wednesday of a Bush Administration-backed emergency funding bill for the Resolution Trust Corp., the agency handling the thrift cleanup.
