His comments were in line with an effort by the Bush Administration to orchestrate a low-key campaign to get out the message that one year after it began, the savings and loan bailout is working.

Would Mayor Giuliani argue that the lawmakers and bank officials whose avarice and incompetence created the savings and loan crisis now work at repaving roads and cleaning streets to compensate taxpayers for the $500 billion they bilked from the system?

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How do savings accounts work?

AS the Bush Administration's proposed savings and loan bailout works its way through Congress, more and more attention is being paid to a peculiar challenge: how to carry out the plan without worsening the depression in Southwestern real estate prices that helped cause the crisis in the first place.

The October deposit increase was the largest since $7.5 billion in May 1984, when savings and loans were working to attract funds to accommodate increased mortgage lending.