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(Studio) Ease with which foreign ntns. get bank loans noted.
REPORTER: Dan Rather
(Davenport, Iowa) John and Brenda Webers unsuccessful efforts to purchase house due to interest rates noted. [John, Brenda WEBER - regret situation.] Mexican President Jose Lopez Portillo mentioned, shown; outstanding United States loans to Mexico, Argentina, Poland listed on screen. [Representative Jim LEACH - notes irony in lending abroad rather than at home; comments on interest rates.] Bankers said claiming international loans are not related to high United States interest rates. [John, Brenda WEBER - comment.] Fin. gains for United States banks in foreign loans discussed. [Banking analyst John MASON - notes incrd. losses among US consumers compared to foreign customers.] United States recalled incring. contributions to International Monetary Fund, which bails out developing ntns. [John WEBER - comments.]
REPORTER: Ed Rabel
- Rabel, Ed;
- Rather, Dan
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