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Savings and Loan #313345

CBS Evening News for Tuesday, Oct 06, 1987
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(Studio: Dan Rather) Report introduced.

(Florida: Ray Brady) Bankruptcies of savings and loan insts. discussed; details given, scenes shown. Federal Asset Disposition Association organization created by government to get money back to depositors said being investigated. [Developer William JULIANO - says FADA trying to profit from losses.] FADA employees shown. How failed South and L. aided by FADA graphed. Only a small percentage of property said actually liquidated. [Real estate consultant James SERUR - says FADA profits come from management of properties not their liquidation.] [FADA president Roslyn PAYNE - says process will speed up next year.] [Real estate broker Pat VERONA - says got no response and then FADA tried to bribe him.] [PAYNE - says he is lying.] Investigation into FADA's activities reported

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:04:20

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