Eager to end the war of wills over the thrift insurance fund bailout, Great Western Financial chairman James Montgomery was talking compromise with some big-bank CEOs last week.

His plan: sit down over a weekend and hash out a deal on merging the bank and thrift charters and combining their deposit insurance funds. With banks and thrifts united, they would be in a better position to fight for a charter with broad powers, he told the bankers.

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