Panel Calls Telephone Agency a Rural Rip-Off;$179 Million in `Excess Profits' Reportedly Amassed From: The Washington Post | Date: October 20, 1987| Author: Ward Sinclair | Copyright 1987 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

A House Government Operations investigative subcommittee has decided that the Rural Telephone Bank (RTB), another of those obscure federal creatures that is supposed to help the less fortunate, is acting instead like a rogue utility.

In a report released last week, the subcommittee on government information, justice and agriculture said the RTB has accumulated more than $179 million in "excess profits" that should have gone back to rural telephone users.

The bank was created b...

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