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Farm Loans / Government Bailout #332038

CBS Evening News for Tuesday, Mar 06, 1990
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(Studio: Dan Rather) Report introduced.

(Capitol Hill: Eric Engberg) General Accounting Office reported announcing that the Farmers Home Administration is in financial trouble; details given of agency's role in helping farmers secure loans. [Undersecretary of Agriculture Roland VAUTOUR - comments on FHA's problems.] [GAO's J. Dexter PEACH, Representatives Butler DERRICK, Glenn ENGLISH - comment on abuses within program.] Government's policy of forgiving some loans discussed; details given of proposal to limit how much farming debt could be forgiven in future. [Family Farm Coalition Randolph NODLAND - says many farmers will be ruined without debt forgiveness.] [Oklahoma farmer Don SCHIEBER - comments.] Cost of possible bailout noted being passed to taxpayers.

Engberg, Eric;
Rather, Dan

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