Shackleford Says Lender Test For Thrifts Increases Risks
Donald Shackelford, chairman of the U.S. League of Savings Institutions, doesn't see banks or thrifts when he looks into his crystal ball. Mr. Shackelford, who is also chairman of State Savings Bank in Columbus, Ohio, sees financial service organizations. The future, however, depends on Congress' excising some of the punitive features of the 1989 savings and loan bailout bill. Mr. Shackelford tells Washington bureau chief Jim McTague he thinks Congress is finally in a forgiving mood.