Ronald Reagan actually said...

The public has benefitted from such action to date: insured depositors are protected; unfair competition and poor managers are eliminated; and the cost of funds for other financial institutions in local markets is reduced.

Context

Statement of Administration Policy: H.R. 5432 - Federal Savings and Loan Insurance Corporation Recapitalization Amendments...

10/06/1988

https://www.presidency.ucsb.edu...

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