Search the Archive

Economy: Savings and Loan Crisis #128720

ABC Evening News for Wednesday, May 23, 1990
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Peter Jennings) Report introduced.

(Washington: Stephen Aug) Size and scope of the savings and loan problem examined; details given of how government has to take over insolvent S&Ls and sell their real estate. [Treasury Secretary Nicholas BRADY - says S&L problem is linked to real estate problem.] [Federal Reserve Board chairman Alan GREENSPAN - comments on the problem.] Bill for S&L bailout cited. [Brookings Institution Robert LITAN - likens payout to a Chinese water torture.]

(Studio: Peter Jennings) Report introduced.

(Washington: John Martin) Failure to handle the S&L crisis reviewed. [Representative Jim LEACH - says this is the greatest scandal of American history.] [Representatives Charles SCHUMER, Byron DORGAN - dole out the blame.] [Financial expert Burt HEALY - says there won't be taxes tagged specifically for S&L mess.] [SCHUMER - says President Bush fiddled while the S&L industry burned.] Washington noted now paralyzed by blame.

Aug, Stephen;
Jennings, Peter;
Martin, John

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.