WASHINGTON -- House Banking Committee Chairman Henry B. Gonzalez has outlined six ways to rescue the Savings Association Insurance Fund -- including a merger with the Bank Insurance Fund.

In a memo last week to the committee's 50 other members, the Texas Democrat indicated that every possible option is being considered. He even asked whether there should be "a gradual conversion of thrifts to banks followed by the abolishment of the thrift charter."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.