To the Editor:
In the article regarding the fading of arguments for preserving the federal thrift charter ("
The simple fact is, most healthy mutual thrifts today have state charters, which have served mutual thrifts perfectly well for over 100 years.
Apart from preserving an opportunity for regulatory arbitrage, there is indeed very little reason to preserve the federal thrift charter.Kevin Handly
Partner
Pierce Atwood LLP
Boston
The top five banks and thrifts have combined total assets of nearly $13 trillion.
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