× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Savings and Loan #313345

CBS Evening News for Tuesday, Oct 06, 1987
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(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

Brady, Ray;
Rather, Dan

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.