CBS Evening News for Wednesday, May 15, 1985
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(Studio) Report introduced
REPORTER: Dan Rather
(NYC) Crisis with privately insured savings and loan assns. in MD, Ohio, and elsewhere and public's resulting loss of confidence in such insts. examined. [Rutgers Univ. spokesperson Eugene WHITE - thinks private coverage is ending.] [Representative Jim LEACH - cites need for federal insurance] Implications of risky loan practices and mis-management for federally insured insts. as well considered; exs. discussed. [First Nationwide Savings and Loan spokesperson Anthony FRANK, Maryland State senate Howard DENIS - consider need for action.] Federal Savings and Loan Ins. Corp.'s response to current crisis outlined.
REPORTER: Jane Bryant Quinn
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