Vermont and Liberty sale bound? (Vermont Federal Savings Association; Liberty Federal Savings Bank)

Vermont and Liberty sale bound?

Federal officials in the coming weeks will prepare operating budgets and propose that the government attempt to find buyers for two recently seized Maryland savings and loans.

Unlike the dramatic takeovers of thrifts sunk by risky loans or speculative investments, two Maryland thrifts taken over last month were snagged by accounting rules the government first approved and later reversed.

According to federal agents managing the thrifts, both Vermont Federal Savings Association and Liberty Federal Savings Bank are relatively healthy institutions that a government agency overseeing thrift failures should be able to sell. …