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Rhode Island Federal Aid

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April 10, 1991 | From Associated Press
Rhode Island's governor and senators pleaded Tuesday for a federal bailout of the state's private deposit insurance system, saying the state has been plunged into a financial crisis worse than it suffered during the Great Depression. Gov. Bruce Sundlun, a Democrat, shut down 35 credit unions and 10 banks on New Year's Day after the Rhode Island Share and Deposit Indemnity Corp. collapsed.
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BUSINESS
April 10, 1991 | From Associated Press
Rhode Island's governor and senators pleaded Tuesday for a federal bailout of the state's private deposit insurance system, saying the state has been plunged into a financial crisis worse than it suffered during the Great Depression. Gov. Bruce Sundlun, a Democrat, shut down 35 credit unions and 10 banks on New Year's Day after the Rhode Island Share and Deposit Indemnity Corp. collapsed.
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