TREASURY'S BAKER BACKS HOUSE PANEL'S FSLIC BILL
Treasury Secretary James Baker said
the administration backs the Federal Savings and Loan Insurance
Corp (FSLIC) recapitalization bill approved by the House
Banking Committee and opposes the Senate-passed version.
    Baker told a House Appropriations Subcommittee the 15
billion dlr recapitalization plan approved by the House panel
was sufficient while the 7.5 billion dlr plan in the
Senate-passed bill was "inadequate."
    He also urged the House to reject loophole-closing
provisions in the Senate bill that would restrict banking
activities.
 Reuter
