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Lincoln Savings Failure Won't Cost Uncle Sam

May 06, 1990

In "Lincoln S&L Posts Loss of $1 Billion for Year," (March 28) the last line reads "the failure of the thrift . . . could cost the government more than $2 billion."

This is wrong. It will not cost the "government" one cent because it has no money.

It will cost the taxpayers $2 billion--or more.

IRENE CORSI

Hemet

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