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(Studio: Dan Rather) Report introduced.
(DC: Terence Smith) Investigation of US Housing and Urban Development scandal, involving former Reagan administration housing consultants, reported continuing. Taxpayer responsibility for defaulting US Housing and Urban Development loans examined. [U.S. Housing and Urban Development undersecretary Alfred DELLIBOVI - explains scheme called "goldplating."] Ex. of apt. complex in Texas that was mortgaged for much more than it was worth discussed; scenes shown. Georgetown-based DRG Funding Corporation noted financing these projects. [Representative Charles SCHUMER - comments.] [Former US Housing and Urban Development official Joseph STRAUSS - comments on HUD's poor records of transactions.] US Housing and Urban Development Secretary Jack Kemp's response to "goldplating" scandal outlined on screen. [DELLIBOVI - comments.]
- Rather, Dan;
- Smith, Terence
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