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Economy: Savings and Loan Scandal #130138

ABC Evening News for Sunday, Jul 08, 1990
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(Studio: Forrest Sawyer) Report introduced.

(Washington: Kathleen deLaski) Opening of Congressional investigation of federal handling of savings and loan scandal featured; details given of case of insurance executive James Fail, who was helped by Federal Home Loan Bank Board to buy 15 failing Texas S&Ls at great government expense. [Senator Howard METZENBAUM - calls it an abominable rip-off.] Statement from then board chairman M. Danny Wall about the Fail-Bluebonnet deal quoted. [Representative Jim LEACH - cites cost to Americans.]

Sawyer, Forrest;
deLaski, Kathleen

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