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Economy: Savings and Loan / Neil Bush / Bailout #333759

CBS Evening News for Sunday, Jul 15, 1990
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(Studio: Connie Chung) Report introduced.

(White House: Linda Taira) Controversy over Democrats' request that special prosecutor may be named to investigate role of president's son Neil Bush in problems of Silverado Savings and Loan examined. [Attorney General Richard THORNBURGH - says there is no evidence of criminal wrongdoing.] [On "Meet the Press", Democratic party chairman Ron BROWN - says Justice Department is not doing the job.] [On "Meet the Press", Republican campaign committee Edward ROLLINS - blames Democrats.] [On "Face the Nation", FDIC's L. William SEIDMAN - talks about S&Ls.]

(Studio: Connie Chung) Technical difficulties acknowledged. Report introduced.

(Chicago: Frank Currier) Issue of cost of S&L cleanup examined; details given of civil war between North and South over S&L bailout in Texas and Southwest. [In Cleveland, Ohio, restaurant OWNER - talks about need to fix leaky bridges, too.] [Senator Phil GRAMM, Representative Christopher SHAYS - comment on blame in Texas.] [Cleveland State University professor Edward HILL - says rest of nation is paying for past in Southwest.] Map shown of federal distribution of funds for S&L bailout. [SHAYS, GRAMM - comment further on bailout of Texas.] [HILL - says taxes will go up.]

Chung, Connie;
Currier, Frank;
Taira, Linda

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