Ricki Helfer, chairman of the Federal Deposit Insurance Corp., Jerry Hawke, under secretary of the Treasury, and Jonathan Fiechter, acting director of the Office of Thrift Supervision, sent a letter recently to Newt Gingrich, speaker of the House. They urged Mr. Gingrich to support legislation to strengthen the Savings Association Insurance Fund by taxing banks.

Mr. Gingrich hasn't asked for my thoughts on the subject, but if he were to do so my letter might go something like this:

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