Commercial Banks Prove Clear Winners in S&l Rescue Plan
Michael Quint, Ny Times, THE JOURNAL RECORD
Commercial bankers may not want to gloat about it, but they may well turn out to be clear winners in the government's rescue plan for the savings and loan industry.
After months of worrying that they would be asked to pay for the bailout of hundreds of troubled savings institutions, commercial bankers were relieved to learn that the rescue plan leaves them largely unscathed financially and in a good position to expand.
``Looking ahead a couple of years, the government's plan is a big plus,'' said Thomas Hanley, chief banking analyst at Salomon Brothers, a securities firm. ``The banks should gain a greater share of the consumer market and become more and …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Commercial Banks Prove Clear Winners in S&l Rescue Plan. Contributors: Michael Quint, Ny Times - Author. Newspaper title: THE JOURNAL RECORD. Publication date: February 14, 1989. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.