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Economy: Savings and Loan / Bailout #318821

CBS Evening News for Tuesday, Nov 01, 1988
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(Studio: Dan Rather) Report introduced.

(Honolulu, Hawaii: Ray Brady) Savings and loan execs. reported meeting in Hawaii to discuss government bailout; details given, scenes shown. [Representative Charles SCHUMER - comments.] [US League of Savings Insts. spokesperson Theo PITT - comments on location of meeting] Savings and loan losses discussed. [PITT, FDIC (Federal Deposit Insurance Corporation) chairperson William SEIDMAN - comment on situation.] [General Accounting Office spokesperson Fred. WOLF - comments on need for tax increase to bail out savings and loan insts.] Bailout noted more expensive than funds used for Marshall Plan after World War II.

(Studio: Dan Rather) Govt. spokesperson quoted with regard to savings and loan losses this year

Brady, Ray;
Rather, Dan

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