Battered Banks
To the Editors:
Your report on the troubles now confronting American banks [ECONOMY & BUSINESS, Dec. 3] points up the risks of deregulation. Generally, deregulation is laudable, but it never should have been applied to banks. Deregulating banks cancels out the valid reasons for having some form of cost, safety and volume control over the money supply. Deregulation in this case will become a monster and a lighted fuse.
Alton R. Dahlstrom Rossland, B.C.
The problems in the banking industry may adversely affect all Americans. Nevertheless, I derive satisfaction from watching the bankers suffer. For so many years they treated customers with disrespect....
