CBS Evening News for Friday, Dec 30, 1988
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(Studio: Bob Schieffer) Report introduced.
(DC: Deborah Potter) Savings and loan bailouts featured. Community Federal S&L in Tulsa, Oklahoma, reported marking post-Depression record for bailouts. [Bank board chairperson M. Danny WALL - comments on situation.] Govt. reported reducing tax breaks for sale of S&Ls after first of year [Fin. consultant Bert ELY - criticizes government's handling of problem.] [Federal Home Loan Bank Bd. spokesperson Lawrence WHITE - defends actions.] [Representative Charles SCHUMER - compares resale of troubled S&Ls to gambling.] FDIC (Federal Deposit Insurance Corporation) study results outlined on screen. President-elect George Bush noted favoring shut downs rather than current policy.
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