S&L Mess: The End Is Near. At Last. Maybe.

Clinton asks Congress for $45 billion to finish the cleanup begun in 1989

THE GOVERNMENT HAS NOT REALLY BEEN CLOSING failed savings and loans, selling their assets and paying off their depositors forever. It just seems that way to many members of Congress who voted $50 billion for that job in April 1989 and since then have had to pony up more and more. Now the Clinton Administration is asking for an additional $45 billion, making a total of about $200 billion, and swears that will be the last. The figure is $11 billion higher than the White House calculated last month; Clinton aides insist that the increase reflects only their determination to make...

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