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Economy: Savings and Loan Bailout #124041

ABC Evening News for Saturday, Aug 05, 1989
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(Studio: Carole Simpson) Report introduced.

(DC: Sheilah Kast) Congress reported approving plan for rescue of savings and loan industry; details given of votes in Senate and House of Representatives; scenes shown from Congress [Representative Henry GONZALEZ - comments.] Case of Vernon S&L in Texas cited as example of thrift crisis. Facets of S&L bill outlined on screen. [Fin. consultant Bert ELY - says administration's proposals don't go far enough.] Criticism of President Bush's accting. maneuver to keep S&L bailout cost from showing up in budget deficit noted. [Senator Kent CONRAD - says Bush is "making believe."]

Kast, Sheilah;
Simpson, Carole

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