Congress could have settled the debate over the thrift insurance fund a long time ago, if lawmakers had only listened to Rep. Sonny Bono. At least that's what California's celebrity Republican said last week.

Rep. Bono said Congress missed an excellent opportunity to shore up the Savings Association Insurance Fund when lawmakers decided not to use Resolution Trust Corp. surplus to pay off bonds used to bail out the thrift industry in the late 1980s.

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