Ryan Sworn In as Thrift Regulator: A...
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From Times Staff and Wire Reports
Ryan Sworn In as Thrift Regulator: A new thrift institution regulator took office as the Bush Administration conceded that its savings and loan bailout will cost taxpayers more than previously estimated. Timothy Ryan was sworn in as director of the Treasury Department’s Office of Thrift Supervision. White House spokesman Marlin Fitzwater, meanwhile, denied that the Administration had deliberately underestimated the bailout’s cost, now put at $325 billion instead of the $257 billion estimated only five months ago.
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