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California Savings and Loan / Bailout #323504

CBS Evening News for Tuesday, Sep 06, 1988
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(Studio: Dan Rather) Report introduced.

(Dallas, Texas: James Hattori) American Savings and Loan Association bailout featured; details given, scenes shown. [WOMAN - says she can't afford to lose money.] Texas tycoon Robert Bass reported purchasing American Savings. Texas savings and loan losses discussed. [Federal Home Loan Bank Bd. spokesperson Danny WALL - announces Southwest plan.] Plan outlined. [Representative Charles SCHUMER - criticizes plan.] [Coastal Bank Savings Association chairperson Manuel MEHOS - comments.] Savings and loan officials reported hoping that mergers will increase public confidence. [SCHUMER - denigrates plan.] [Fin. consultant Bert ELY - comments on cost to taxpayers.]

Hattori, James;
Rather, Dan

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