Bailing Out Failed Savings and Loans

Since the cause of the failures is careless (greedy?) lenders making high-risk loans, why not charge the lender or borrower, not the saver. A 30 cents per $100 insurance premium on a $50,000 loan, for example, would amount to $150 and could be paid by the borrower or by the lender.

Make the check payable to the FSLIC so as not to tempt the lender to lend its insurance premiums, too! Unless, of course, Bush’s goal is to soak the saver, baby the borrower, and leverage the lender.

MEREDITH ANN TARNEY

Thousand Oaks