President’s Son and Bailouts of Failed Savings and Loans
- Share via
It is appropriate during this era of rapprochement that we should extend our expertise in democratic techniques to the Soviet Union.
President Bush says that it is our intention to assist the Soviets in setting up banking systems. He need look no farther than his own family for that expertise, as his son Neil has demonstrated his ability with Reaganomic accounting procedures.
Or there is in his own state of Texas a Mr. James Fail who with $1,000 set up the multimillion-dollar Bluebonnet Savings Bank in Dallas (Part A, July 8).
We ordinary citizens stand in awe of our government’s capacity to control financial institutions. Members of the Communist Party Politburo will be wondering what they have missed all these years.
DON YINGER
Escondido
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.
