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Economy: Savings and Loan Bailout #323861

CBS Evening News for Thursday, Jan 26, 1989
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(Studio: Dan Rather) Report introduced. (Studio: Rita Braver) Govt. bailout of savings and loan insts. in US discussed. [Federal Home Loan Bank Bd. spokesperson M. Danny WALL - says he doesn't know how much it will cost to clean up S&L debts.] [Representative Harold ROGERS - questions Wall.] General Accounting Office reported investigating accounting practices of firms representing S&Ls; case of Arthur Young accting. firm and Vernon S&L in Texas noted. [WALL - comments on situation.] [Representative Charles SCHUMER, industry analyst Robert ELY - blame industry regulators and accounting firms for S&L crisis.]

Braver, Rita;
Rather, Dan

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