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Economy: Savings and Loan Crisis #334062

CBS Evening News for Tuesday, Jul 31, 1990
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(Studio: Dan Rather) House reported voting to stiffen penalties for savings and loan crimes; details given; Senate noted considering similar measure. Report introduced.

(Washington: Terence Smith) Former Vice President Bush aide Robert Thompson reported ignoring Senate subpoena to explain role in James Fail's acquisition of Bluebonnet savings and loan; details given of Fail's fraud history. [Senator Howard METZENBAUM - addresses Senate panel.] Thompson's reply detailed; scenes shown from interview. [Senator Arlen SPECTER, Dallas Federal Home Loan Bank George BARCLAY - give questions and answers during hearing.] Fail reported agreeing to appear before panel next week.

Rather, Dan;
Smith, Terence

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