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WALL HIRING MAKES UTAH LOOK SILLY

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Not only is the infamous M. Danny Wall back, but he's fine and doing well right in our own back yard. Gov. Leavitt recently nominated Wall to the Board of the Utah Technology Finance Corp., and the Utah Senate voted him in.

As the nation's top banking regulator, he unnecessarily escalated the savings and loan crisis - telling Congress repeatedly that no problem requiring a taxpayer bailout existed; he was later responsible for the "fire sales" of the savings and loan assets for which the taxpayers received only pennies on the dollar.The latest bailout estimate for the savings and loan debacle is between $300 billion and $500 billion. Wall was a player on the Reagan team, shaping the legislation that deregulated the banking industry in 1982. He was bumped up through the ranks to finally become the Federal Home Loan Bank Board chairman, a top regulating position. He abused that office when he traveled throughout the country telling everyone that 90 percent of the thrifts were safe.

He does not deserve to be in charge of funds. To the rest of the nation, Utah looks silly for letting such a person with a position in our government.

Clare Doll

Cedar City