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Economy: Savings and Loan Institutions #323842

CBS Evening News for Wednesday, Jan 25, 1989
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(Studio: Dan Rather) Report introduced.

(DC: Lesley Stahl) President George Bush reported proposing that savings and loan customers should pay tax on their deposits to cover S&L insurance costs. [BUSH, FDIC (Federal Deposit Insurance Corporation) chairperson L. William SEIDMAN - comments on plan.] [Senator Don RIEGLE - criticizes proposal.] Plan illustration and discussed. [PEOPLE - say depositors should not have to pay.] Banking industry noted fearing that depositors will shift their money to other savings plans. [Senator Alan DIXON - says plan won't work.] [SEIDMAN - comments.] White House sources quoted.

Rather, Dan;
Stahl, Lesley

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