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Economy: Savings and Loan Scandal #130753

ABC Evening News for Friday, Sep 14, 1990
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(Studio: Peter Jennings) Report introduced.

(Washington: Stephen Aug) Hidden cost of sweetheart deals the government made to keep savings and loans open examined; details given of deals offered by Federal Home Loan Bank Board to investors like Ron Perelman and banker Gerald Ford. [First Gibraltar president FORD - comments.] House Banking Committee report on bonanzas reaped by Gibraltar investors mentioned. [At hearings, Representative Henry GONZALEZ, former Federal Home Loan Bank Board chairman M. Danny WALL - offer differing opinions on these deals.]

Reporter(s):
Aug, Stephen;
Jennings, Peter
Duration:
00:01:50

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