• WILLIAM P. CLEMENTS, JR. GOVERNOR • STATE OF TEXAS OFFICE OF THE GOVERNOR AUSTIN, TEXAS 78 70 I Mr. Craig Hall Hall Real Estate Group 600 Hall Financial Center 10100 North Central Expressway Dallas, Texas, 75231 Dear Mr. Hall: October 28, 1987 Thank you for your thoughtful letter of October 11, concerning possible solutions to the "Texas Savings & Loan/Real Estate Problem." As you know, I am well aware of the critical state of the financial service industry and its implications for the economy of the State of Texas. I have appointed a task force composed of informed businessmen to study the problem and to make recommendations. I expect to receive its report before the end of November and am taking the liberty of forwarding your letter to Bayard Friedman, Chairman of the Task Force, and have asked him to consider your comments and recommendations. It is my hope that out of the recommendations of the task force, as well as the thoughts and suggestions from every informed source, will come some ideas for easing the current crisis and assuring that there will be no repetition of such in the future. With every good wish! Sincerely, William P. Clements, Jr. Governor WPC,Jr.:jh