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Fslic / Savings and Loan Crisis #309526

CBS Evening News for Friday, Apr 04, 1986
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(Studio: Dan Rather) Depositors of Mainland Savings Association in Texas noted protected under Federal Savings and Loan Ins. Corporation (FSLIC) after it closed today.

(NYC: Jane Bryant Quinn) Fin. crisis of FSLIC and implications for those covered under its policies examined. [Savings and loan president Alan WEITZ - believes FSLIC is jeopardized due to failing savings and loans such as his.] [FSLIC former director Peter STEARNS - agrees; explains.] FSLIC's current financial status outlined on screen, discussed; basis of crisis explained. [Representative Stan PARRIS - feels taxpayers will have to financial FSLIC.] [WEITZ - calls for immediate government action.]

Quinn, Jane Bryant;
Rather, Dan

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