[4403] in Central_America
Re: New quotes for Fri Jul 3
rlk@ATHENA.MIT.EDU (rlk@ATHENA.MIT.EDU)
Mon Jul 6 12:37:31 1992
(this is also a reply to 4395)
As I understand it, not even the administrative costs were paid for by
the government. If the "bank" wanted to give overdraft protection to it
s customers, what's the problem? Many banks offer overdraft protection.
In return for that "privilege", deposits in the bank earned no interest.
Hard to see how the congresscritters got much of a deal out of that. The
ones who abused it merely abused their fellow congressfolks.
As was pointed out, this wasn't really a bank. At most it was a private
credit union with rather sloppy bookkeeping.
