ABC Evening News for Wednesday, Dec 28, 1988
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(Studio: Sam Donaldson) Report introduced.
(NYC: Ken Prewitt) Bailout of five savings and loan insts. in Texas featured; five S&Ls named. [Investor Gerald J. FORD - says customers will notice little change.] Loan guarantees by Federal Home Loan Bank Bd. to assist S&L takeovers explained. [Representative Charles SCHUMER - says board or fed. government will pick up tab.] [Sanford C. Bernstein and Company analyst Jonathan GRAY - explains tax breaks for buyers.] High cost of bailouts reiterated.
(Studio: Sam Donaldson) Bailout of American Savings and Loan Association in Stockton, California, noted.
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