July 16, 1981 (vol. 91, iss. 41) • Page Image 5
…The Michigan Daily-Thursday, July 16, 1981-Page 5 S&L 'S PAYCHECK CAN'T COVER ITS BILLS S&Ls in financial squeeze From the Associated Press The nation's savings and loan associations are in the same predicament as a family with a paycheck that won't cover the bills. The interest the S&Ls are earning on their loans is less than the interest they have to pay on deposits. A big part of the problem, for families and bankers, is inflation. Inflati...…