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Economy: Savings and Loan Insts. / Bush Plan #325821

CBS Evening News for Monday, Feb 06, 1989
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(Studio: Dan Rather) Reports introduced

(DC: Wyatt Andrews) President George Bush's savings and loan bailout plan outlined on screen. [BUSH - discusses plan.] [Treasury Secretary Nicholas BRADY - comments on changes in system.] S&L insurance system noted merging into FDIC; details given of changes within Treasury Department [Senator Don. RIEGLE - fears that funds will be taken from other programs to solve S&L problems.]

(Studio: Ray Brady) Impact of Bush's decision upon solvent S&Ls discussed. [S&L executive James MONTGOMERY - comments on Bush's plan.] Effects of banks and S&Ls paying higher insurance premiums discussed. [S&L analyst Jonathan GRAY, S&L exec. Theodore ROBERTS - comment on S&L losses.] [Representative Charles SCHUMER - comments on impact upon taxpayer.] [BUSH - comments.]

Andrews, Wyatt;
Brady, Ray;
Rather, Dan

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