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Bush / Savings and Loan Plan #325567

CBS Evening News for Wednesday, Feb 15, 1989
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) President Bush's bailout plan for failing savings and loan insts. examined. Ex-S&L executive Dan. Deardorf noted sentenced to prison for embezzling depositors' funds. [S&L analyst Reid NAGLE - criticizes Bush's bailout plan.] Plan outlined. [Brookings Institution spokesperson Robert LITAN - comments on plan.] Impact of rising interest rates upon troubled S&Ls noted. ["National Thrift News" editor Stan STRACHAN - says plan will cost more than Bush thinks.] Corrupt and misguided management noted major problem for S&Ls.

Brady, Ray;
Rather, Dan

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