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Your recent headline ”S&L bailout hits taxpayers” only hints at the fraud and malfeasance that is being covered up. An estimated 900 FSLIC-insured savings and loans are insolvent or marginal.
Aren`t failed businesses supposed to close down, assets liquidated, and crooks sent to jail? Not if House Speaker Jim Wright has his way. Wright collected $274,000 in campaign contributions from S&L and real estate lobbies. Wright is currently under investigation by the House Ethics Committee on a variety of charges. He is leading the charge to route an estimated $100 billion of taxpayer dollars to prop up these failed businesses.
Isn`t it comforting to know we have the best elected officials that money can buy!
