Bankers Would Displace Savings, Loan Industry
Wolfe, Lou Anne, THE JOURNAL RECORD
The Oklahoma Bankers Association on Wednesday released its recommendation for solving the crisis in the Federal Savings and Loan Insurance Corp., which backs deposits in the nation's savings and loan industry.
The plan said the commercial banking industry must take the lead in assuming the role of financing the nation's housing demand, and the savings and loan industry as it now exists would be eliminated.
"I think it's viewed by many as an opportunity to perhaps liquidate what's perceived to be some very viable competition from the marketplace," said Mike Toalson, president of the Oklahoma League of Savings Institutions.
Central to the plan would …
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Publication information: Article title: Bankers Would Displace Savings, Loan Industry. Contributors: Wolfe, Lou Anne - Author. Newspaper title: THE JOURNAL RECORD. Publication date: December 22, 1988. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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