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Savings and Loan Scandal #329531

CBS Evening News for Tuesday, Jan 16, 1990
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(Studio: Dan Rather) Report introduced.

(Washington: Terence Smith) President Bush's son Neil Bush reported under investigation by federal investigators regarding failure of Silverado Savings and Loan in Denver, Colorado; details given; scenes shown. [Office of Thrift Supervision Rosemary STEWART - comments on penalties that Bush could face.] [Former federal bank analyst James MORONEY - says Bush's connections saved him from more thorough investigation.] [On December 7, 1989, Neil BUSH - says he never received special treatment.] [Representative Charles SCHUMER - says Silverado managers made risky investments.] Investigators reported to reach decision regarding Bush role in Silverado failure in near future.

Reporter(s):
Rather, Dan;
Smith, Terence
Duration:
00:02:20

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