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Bank Failures / Fdic #307458

CBS Evening News for Thursday, Nov 20, 1986
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(Studio: Bob Schieffer) Report introduced.

(Norman, Oklahoma: Martha Teichner) Growing criticism of Federal Deposit Ins. Corp.'s (FDIC) handling of bank failures examined; details given, scenes shown. Norman Bank of Commerce failure cited as example [Former FDIC EMPLOYEE - describe agency's approach to failures.] [Contractor Randy SMITH - describes his efforts to recoup losses from FDIC.] [Former bank pres. Chris NEWTOWN - notes message from FDIC's routine bailouts for major banks.] Bank failure statistics, especially for Texas and Oklahoma, outlined on screen. [FDIC (Federal Deposit Insurance Corporation) chairperson L. William SEIDMAN - defs. agency.] FDIC's Oklahoma office described, shown. [FDIC (Federal Deposit Insurance Corporation) spokesperson Paul HEAFY - describes their Oklahoma City operation.]

Schieffer, Bob;
Teichner, Martha

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