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Economy: Savings and Loan Industry #331890

CBS Evening News for Monday, Mar 26, 1990
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(Studio: Dan Rather) Money lost last year by savings and loan institutions in United States noted.

(Washington: Terence Smith) Items that CenTrust Savings Bank of Miami chairman David Paul purchased with investors' money listed and discussed; details given; scenes shown. [Resolution Trust Corporation (RTC) chairman L. William SEIDMAN - says bailout of this S&L will be two billion dollars.] [Representatives Jim LEACH, Walter FAUNTROY - comment on scandal.] House committee reported investigating Paul's association with Lincoln Savings and Loan Association manager Charles Keating. [Representative Chalmers WYLIE - comments on Keating and Paul.] [KEATING - criticizes RTC.] Paul noted being investigated for possible fraud and tax evasion.

(Studio: Dan Rather; Washington: Terence Smith) Paul's response to investigation discussed.

Rather, Dan;
Smith, Terence

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