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Economy: Savings and Loan Bailout #118672

ABC Evening News for Thursday, Jan 26, 1989
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(Studio: Peter Jennings ) Report introduced.

(DC: Sheilah Kast) House of Representatives Budget Committee reported discussing crisis in savings and loan insts. [Federal Home Loan Bank Bd. chairperson Danny WALL - discusses cost of solving problem.] [Representative Leon PANETTA - says taxpayer will have to bear burden.] Call for changes in S&L system noted; major accting. firms noted failing to find fraud in S&Ls that failed. [WALL - says we are suing three big accting. firms.] [General Accounting Office representative Charles BOWSHER - says it is auditors' role to probe S&Ls.]

Kast, Sheilah;
Jennings, Peter

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