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Economy: Savings and Loan Crisis / Bush Plan #120862

ABC Evening News for Monday, Feb 06, 1989
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(Studio: Peter Jennings ) Report introduced.

(DC: Brit Hume) President Bush's plan for solving savings and loan crisis reported; details given of proposals. [At press conf., BUSH - explains plan that will not include fee for depositors; comments on issue of passing costs on to consumers.] Congress reaction noted. [Two CONGRESSMEN - comment.]

(Studio: Peter Jennings ) Report introduced.

(DC: Stephen Aug) Who will pay for S&L bailout reported; details given of S&L fees. [American Bankers Association Edward YINGLING - explains how cost may be passed on to consumer.] [US League of Savings Institution Barney BEEKSMA - comments on banking market] Treasury Department bond sale to financial bailout outlined on screen; explanation from Treasury Secretary Nicholas Brady noted.

Aug, Stephen;
Hume, Brit;
Jennings, Peter

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