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Economy: Savings and Loan Crisis / Silverado #128710

ABC Evening News for Tuesday, May 22, 1990
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(Studio: Peter Jennings) Report introduced.

(Washington: Allan Dodds Frank) Opening of hearings at House Banking Committee on failure of Silverado Savings and Loan of Denver featured; details given of investigation into role of President's son Neil Bush, especially his business dealings with Bill Walters and Ken Good. [Office of Thrift Supervision Stephen HERSHKOWITZ - says Bush did not disclose relevant information to board members.]

(Studio: Peter Jennings) Report introduced.

(Golden, Colorado: Gary Shepard) Inquiry into one real estate deal by an S&L examined; scenes shown from Denver suburb of Golden, Colorado, where the Heritage Square amusement park and shopping complex failed due to S&L abuses. [Businessman Bill OAKLEY - says the Silverado took the money and ran and left him broke.] Estimated cost of Silverado collapse to American taxpayer mentioned.

Frank, Allan Dodds;
Jennings, Peter;
Shepard, Gary

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