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" Smith, Jr., and George J. Benston protested that the constraint imposed by the Direct Investment Regulation was economically inefficient, bore no causal relationship to thrift failures, constituted a bar to 'an investment option that is necessary to the... "
Preliminary Inquiry Into Allegations Regarding Senators Cranston, DeConcini ... - Página 449
por United States. Congress. Senate. Select Committee on Ethics - 1991
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Federal Regulation of Direct Investments by Savings and Loans and ..., Volume 4

United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee - 1985 - 1090 páginas
...continue to confront it. In my November 1, letter I stated: "Accordingly, direct investments constitute an investment option that is necessary to the financial health — and, in many cases, survival — of savings and loan associations. Any artificial restriction on rational investment opportunities...
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Federal Regulation of Direct Investments by Savings and Loans and ..., Volume 4

United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee - 1985 - 1230 páginas
...benefitting the economic well-being of their coranunittes. Accordingly, direct investments constitute an investment option that is necessary to the financial health -- and, in -nany cases, the survival — of savings and loan associations. Any artificial restriction on rational...
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Preliminary Inquiry Into Allegations Regarding Senators Cranston, DeConcini ...

United States. Congress. Senate. Select Committee on Ethics - 1991 - 1194 páginas
...General William F. Baxter, and Professors George G. Kaufman, John P. Smith, Jr., and George J. Bens ton protested that the constraint imposed by the Direct...associations," and 'could seriously harm the savings and loan industry.*'4' The econometric analyses that have examined the role played by direct investment in optimal...
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Preliminary Inquiry Into Allegations Regarding Senators Cranston ..., Volume 4

United States. Congress. Senate. Select Committee on Ethics - 1991 - 1232 páginas
...United States Assistant Attorney General William P. Baxter, and Professors George G. Kaufman, John P. Smith, Jr., and George J. Benston protested that the)...that is necessary to the financial health and, in талу eases, the survival of savings and loan associations,* and 'could seriously han the savings...
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Preliminary Inquiry Into Allegations Regarding Senators Cranston ..., Parte 4

United States. Congress. Senate. Select Committee on Ethics - 1991 - 296 páginas
...benefitting the economic well-being of their communities. Accordingly, direct investments constitute an investment option that is necessary to the financial...the survival — of savings and loan associations. Any artificial restriction on rational investment opportunities reduces the overall efficiency of the...
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Preliminary Inquiry Into Allegations Regarding Senators Cranston ..., Parte 1

United States. Congress. Senate. Select Committee on Ethics - 1991 - 1228 páginas
...are "necessary" to enable the industry to meet the crisis it faces. "(D|irect investments coastitute an investment option that is necessary to the financial health — and. in manv cases, the survival — of savings and loan associations." Dr. Greenspan stresses the fact that...
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Preliminary Inquiry Into Allegations Regarding Senators Cranston ..., Parte 1

United States. Congress. Senate. Select Committee on Ethics - 1991 - 1172 páginas
...Reserve Board Chairman Alan J. Greenspan, former United States Assistant Attorney General William P. Baxter, and Professors George G. Kaufman, John F....that is necessary to the financial health and, in aany cases, the survival of savings and loan associations,' and "could seriously harm the savings and...
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