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Ohio / Savings and Loan Crisis #303103

CBS Evening News for Tuesday, Apr 02, 1985
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(Studio) Report introduced
REPORTER: Dan Rather

(DC) Depositors of failed Home State Savings Bank reported marching on Ohio capital demanding their frozen funds; films shown. [MAN - announces plan to guarantee depositors' funds.] Ohio savings and loan crisis recalled triggered last month by collapse of Florida's ESM Group, Incorporated and resulting failing of investors such as Home State Savings; details given. [ESM Companies receiver Robert TEW - accuses ESM owners of wheeling and dealing.] [Representative Ron WYDEN - notes ESM ofr. allegedly purchased $78,000 dog.] Alexander Grant and Company recalled auditing ESM immediately prior to its collapse and approving company's books. [Alexander Grant spokesperson Robert KLECKER - acknowledges firm's audits appear inaccurate.] [WYDEN - feels system failed throughout affair.]
REPORTER: Bob Schieffer

Reporter(s):
Rather, Dan;
Schieffer, Bob
Duration:
00:02:00

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