CBS Evening News for Wednesday, Apr 12, 1989
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(Studio: Dan Rather) Report introduced.
(DC: Eric Engberg) Bush administration's plan to bail out troubled savings and loan insts. examined. Consumer activists noted urging Congress to reform S&Ls so that more people can buy homes. [Representative Joseph KENNEDY - says S&Ls should make more home loans to poor people.] Consumer activists quoted re: bailout of S&Ls. [Representative Steve BARTLETT - says Congress should not address issues of hsing. and S&Ls in same bill.] Activists noted wanting access to repossessed hses.; scenes shown. [Busman. Foster STRONG - says real estate developers should not get richer when poor people need hses.] [Representative Henry GONZALEZ - says S&Ls were created to help people buy homes.] US Housing and Urban Development Secretary Jack Kemp quoted. House of Representatives noted divided with regard to hsing. and S&L bill.
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