Burden For Dad, Grief for Son

For months, the Bush Administration has viewed the savings and loan crisis much as a fire hydrant regards an approaching dog. White House officials generally dismissed signs that the cost of the bailout was steadily rising. Treasury Secretary Nicholas Brady contended last October that the $50 billion to be borrowed under Bush's S&L bailout plan would be plenty to do the job. "I know of nothing that would change my view," he said. Even as Treasury officials and banking regulators bickered over the need for more money, Bush aides downplayed the mess. "It's just not on our scope," a senior White...

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