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| Unknown | 1992-09-23 | 18.1 KB |
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|00000010| a8 16 4e 08 78 06 ff ff | ff ff ff ff ff ff ff ff |..N.x...|........|
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|00000030| 68 00 ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |h.......|........|
|00000040| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000050| 42 55 53 49 4e 45 53 53 | 2c 20 50 61 67 65 20 36 |BUSINESS|, Page 6|
|00000060| 38 01 01 53 70 65 63 69 | 61 6c 20 52 65 70 6f 72 |8..Speci|al Repor|
|00000070| 74 3a 20 54 68 65 20 53 | 61 76 69 6e 67 73 20 41 |t: The S|avings A|
|00000080| 6e 64 20 4c 6f 61 6e 20 | 43 72 69 73 69 73 20 01 |nd Loan |Crisis .|
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|00000560| 2e 20 53 61 79 73 20 4d | 69 63 68 69 67 61 6e 20 |. Says M|ichigan |
|00000570| 44 65 6d 6f 63 72 61 74 | 20 44 6f 6e 61 6c 64 0d |Democrat| Donald.|
|00000580| 0a 52 69 65 67 6c 65 2c | 20 63 68 61 69 72 6d 61 |.Riegle,| chairma|
|00000590| 6e 20 6f 66 20 74 68 65 | 20 53 65 6e 61 74 65 20 |n of the| Senate |
|000005a0| 42 61 6e 6b 69 6e 67 20 | 43 6f 6d 6d 69 74 74 65 |Banking |Committe|
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|000045a0| 73 20 74 6f 64 61 79 2e | 20 53 61 79 73 0d 0a 4a |s today.| Says..J|
|000045b0| 6f 6e 61 74 68 61 6e 20 | 47 72 61 79 2c 20 77 68 |onathan |Gray, wh|
|000045c0| 6f 20 66 6f 6c 6c 6f 77 | 73 20 74 68 65 20 69 6e |o follow|s the in|
|000045d0| 64 75 73 74 72 79 20 66 | 6f 72 20 74 68 65 20 53 |dustry f|or the S|
|000045e0| 61 6e 66 6f 72 64 20 43 | 2e 0d 0a 42 65 72 6e 73 |anford C|...Berns|
|000045f0| 74 65 69 6e 20 69 6e 76 | 65 73 74 6d 65 6e 74 20 |tein inv|estment |
|00004600| 66 69 72 6d 3a 20 22 49 | 66 20 74 68 65 72 65 27 |firm: "I|f there'|
|00004610| 73 20 6f 6e 65 20 77 6f | 72 64 20 74 6f 20 64 65 |s one wo|rd to de|
|00004620| 73 63 72 69 62 65 20 74 | 68 65 0d 0a 69 6e 64 75 |scribe t|he..indu|
|00004630| 73 74 72 79 27 73 20 66 | 75 74 75 72 65 2c 20 69 |stry's f|uture, i|
|00004640| 74 27 73 20 74 75 72 6d | 6f 69 6c 2e 22 20 47 72 |t's turm|oil." Gr|
|00004650| 61 79 20 65 6e 76 69 73 | 69 6f 6e 73 20 61 20 73 |ay envis|ions a s|
|00004660| 65 76 65 72 65 0d 0a 69 | 6e 64 75 73 74 72 79 20 |evere..i|ndustry |
|00004670| 73 68 61 6b 65 2d 6f 75 | 74 2e 20 49 6e 20 6a 75 |shake-ou|t. In ju|
|00004680| 73 74 20 61 20 64 65 63 | 61 64 65 2c 20 68 65 20 |st a dec|ade, he |
|00004690| 70 6f 69 6e 74 73 20 6f | 75 74 2c 20 74 68 65 20 |points o|ut, the |
|000046a0| 6e 75 6d 62 65 72 0d 0a | 6f 66 20 55 2e 53 2e 20 |number..|of U.S. |
|000046b0| 74 68 72 69 66 74 73 20 | 68 61 73 20 61 6c 72 65 |thrifts |has alre|
|000046c0| 61 64 79 20 66 61 6c 6c | 65 6e 20 66 72 6f 6d 20 |ady fall|en from |
|000046d0| 34 2c 32 30 30 20 74 6f | 20 6c 65 73 73 20 74 68 |4,200 to| less th|
|000046e0| 61 6e 0d 0a 33 2c 30 30 | 30 2e 20 42 79 20 74 68 |an..3,00|0. By th|
|000046f0| 65 20 6c 61 74 65 20 31 | 39 39 30 73 2c 20 68 65 |e late 1|990s, he|
|00004700| 20 70 72 65 64 69 63 74 | 73 2c 20 74 68 65 72 65 | predict|s, there|
|00004710| 20 77 69 6c 6c 20 62 65 | 20 6a 75 73 74 20 31 2c | will be| just 1,|
|00004720| 30 30 30 0d 0a 6c 65 66 | 74 2e 0d 0a 0d 0a 20 20 |000..lef|t..... |
|00004730| 20 20 54 68 65 20 53 26 | 4c 20 62 75 73 69 6e 65 | The S&|L busine|
|00004740| 73 73 20 77 69 6c 6c 20 | 6e 65 76 65 72 20 62 65 |ss will |never be|
|00004750| 20 61 73 20 70 65 61 63 | 65 66 75 6c 20 61 73 20 | as peac|eful as |
|00004760| 69 74 20 6f 6e 63 65 20 | 77 61 73 2e 0d 0a 53 75 |it once |was...Su|
|00004770| 72 76 69 76 69 6e 67 20 | 74 68 72 69 66 74 73 20 |rviving |thrifts |
|00004780| 77 69 6c 6c 20 68 61 76 | 65 20 74 6f 20 63 6f 6d |will hav|e to com|
|00004790| 70 65 74 65 20 77 69 74 | 68 20 70 6f 77 65 72 66 |pete wit|h powerf|
|000047a0| 75 6c 20 72 69 76 61 6c | 73 20 61 6e 64 0d 0a 73 |ul rival|s and..s|
|000047b0| 61 74 69 73 66 79 20 61 | 20 66 61 72 20 6d 6f 72 |atisfy a| far mor|
|000047c0| 65 20 73 6f 70 68 69 73 | 74 69 63 61 74 65 64 20 |e sophis|ticated |
|000047d0| 63 75 73 74 6f 6d 65 72 | 20 74 68 61 6e 20 74 68 |customer| than th|
|000047e0| 65 79 20 64 69 64 20 69 | 6e 20 74 68 65 0d 0a 70 |ey did i|n the..p|
|000047f0| 61 73 74 2e 20 42 75 74 | 20 69 66 20 74 68 65 20 |ast. But| if the |
|00004800| 69 6e 64 75 73 74 72 79 | 20 73 68 61 6b 65 73 20 |industry| shakes |
|00004810| 6f 66 66 20 69 74 73 20 | 63 6f 6e 20 61 72 74 69 |off its |con arti|
|00004820| 73 74 73 20 61 6e 64 0d | 0a 72 65 63 61 70 74 75 |sts and.|.recaptu|
|00004830| 72 65 73 20 69 74 73 20 | 62 61 73 69 63 20 70 72 |res its |basic pr|
|00004840| 75 64 65 6e 63 65 2c 20 | 74 68 6f 73 65 20 74 68 |udence, |those th|
|00004850| 72 69 66 74 73 20 74 68 | 61 74 20 72 65 6d 61 69 |rifts th|at remai|
|00004860| 6e 20 6d 69 67 68 74 0d | 0a 73 74 69 6c 6c 20 64 |n might.|.still d|
|00004870| 6f 20 47 65 6f 72 67 65 | 20 42 61 69 6c 65 79 20 |o George| Bailey |
|00004880| 70 72 6f 75 64 2e 20 1a | 0d 0a 0d 0a 0d 0a |proud. .|...... |
+--------+-------------------------+-------------------------+--------+--------+
