Thrift executives are furiously lobbying Congress these days, pressing lawmakers to fix the hobbled Savings Association Insurance Fund. Among the most outspoken is William A. Cooper, chairman of TCF Financial Corp., a $7.5 billion-asset thrift holding company in Minneapolis.
Legislation to shore up the thrift fund was introduced this month by Rep. Bill McCollum, R-Fla. The bill would lighten the financial burden on thrifts by requiring banks to help pay off the bonds floated in 1987 to begin the first S&L bailout. It also would make the thrift fund's load lighter by using leftover Resolution Trust Corp. funds to pay for thrift failures.