Word: saversion
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by FAUSTINO GONZALEZ-ALLER Translated by MARGARET SAVERS PEDEN 243 pages. Viking. $10.
Energy Savers
It sounds like a story out of the Depression: depositors frightened about the safety of their savings make panicky mass withdrawals, threatening the stability of the institutions involved. Finally, worried legislators enact a freeze on deposits-a la Franklin Roosevelt's Bank Holiday of 1933-leaving tens of thousands...
It then dawned on savers in other S & Ls that Bankers Trust not only was insured by, but owned 45% of American Savings. Heavy withdrawals began in the other nonfederally insured S & Ls, and by late June had developed into a full-fledged run on deposits. After conferring with Treasury...
More Interest. The net result, say backers of the legislation, would be sharper competition among banks and thrift institutions. That would bring consumers better and cheaper financial services and offer small savers more interest on their money. The housing industry and would-be home buyers would be less vulnerable to...