Who Is Responsible?

Buckley Jr., Wm. F.
September 1990
National Review;9/3/1990, Vol. 42 Issue 17, p54
Says that United States Republican Senator Jake Garn denies a newspaper report that he met informally with three Democrats during a House-Senate conference on banking legislation and decided to raise deposit insurance from $40,000 to $100,000. Debate regarding the increase during a public session; Federal Deposit Insurance Corp. Chairman Irvine Sprague's lack of objection to the increase; $200 billion difference between a guarantee of $40,000 and of $100,000; Responsibility for savings and loan association failures.


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