And the institutions that had loaded up on stocks for the past 18 years were suddenly losing money.
The institution lost more than $18 million in the last three quarters.
Bank board officials said the eight institutions together were losing $2.4 million a day.
The institutions seized by the Government lost $726 million in the first quarter.
Even healthy institutions are losing deposits in many parts of the nation.
At worst, some institutions could lose their Federal financing and be forced to close.
Our institutions have lost the trust of the people.
The number one problem comes when an institution loses control.
In the end the program groups received nearly as much money as they had the year before, and the major institutions lost only 5 percent.
All democratic institutions created by the popular will are losing weight and effectiveness right in front of our eyes.