As S&L Bailout Costs Balloon, Concern Grows over Other Debts Liabilities Include Student Loan Guarantees, Bank Deposit Insurance
Marshall Ingwerson, writer of The Christian Science Monitor, The Christian Science Monitor
THE water keeps growing muddier around the bailout of savings and loan depositors, the most expensive financial bailout in United States history.
Estimates of the ultimate bill have billowed out dramatically in recent weeks - to as high as half a trillion dollars, if market conditions are poor.
So far, market conditions have been poor. The cleanup, riddled with political tensions, is proving slower and more difficult than expected.
The growing bailout bill now has both officials and outsiders growing more uneasy about other liabilities hanging over the heads of American taxpayers.
"The problem is much broader than the S&Ls," says L. …
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Publication information: Article title: As S&L Bailout Costs Balloon, Concern Grows over Other Debts Liabilities Include Student Loan Guarantees, Bank Deposit Insurance. Contributors: Marshall Ingwerson, writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: June 7, 1990. Page number: 7. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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