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Economy: Savings and Loan Scandal #130161

ABC Evening News for Monday, Jul 09, 1990
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(Studio: Ted Koppel) Report introduced.

(Washington: Jim Wooten) Senate investigation into federal handling of savings and loan scandal in Texas featured; details given of case of James Fail, an insurance executive who received a huge federal subsidy to help his takeover of insolvent Texas S&Ls and to create the Bluebonnet Savings Bank from these failed institutions. [Senator Howard METZENBAUM - comments on Fail case.] Role of Robert Thompson, former assistant to then-Vice President George Bush, in greasing wheels for deal with former chairman of the Federal Home Loan Bank Board M. Danny Wall in return for loan from Bluebonnet outlined. [METZENBAUM - talks about Thompson's finances.]

Koppel, Ted;
Wooten, Jim

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