Ten failing savings and loans, all small...
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Ten failing savings and loans, all small or medium in size, have been taken over by healthy institutions in another indication that the pace of rescues in the thrift industry is continuing to accelerate. Since the start of 1988, thrift regulators have closed or merged 87 problem institutions, including 31 in the past two weeks. Regulators put the total cost of the rescues at close to $950 million. The rescues took place in Texas, Iowa, Idaho, Minnesota, Tennessee and California.
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