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Economy: Savings and Loan Crisis #334170

CBS Evening News for Wednesday, Aug 01, 1990
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(Studio: Charles Kuralt) Federal officials' announcement regarding sale of seized savings and loan properties reported; details given of estimated total bailout cost. Report introduced.

(Washington: Eric Engberg) Question of who is responsible for S&L crisis examined; details given of '70's inflation urging '80's deregulation. [Representative Henry GONZALEZ, Senator Jake GARN, Common Cause Fred WERTHEIMER - comment on lobbying.] [Federal Home Loan Bank Board former chairman Edwin GRAY - comments on campaign contributions to former House banking chairman Fernand Saint Germain.] [On October 15, 1982, President Ronald REAGAN - makes announcement.] [State bank supervisors former chairman Michael EDWARDS, former senator William PROXMIRE, United States League of Savings Insts. former president William O'CONNELL, GRAY - comment.] Scenes shown from S&L television commercial; Reagan's treasury secretary Don Regan mentioned.

Reporter(s):
Engberg, Eric;
Kuralt, Charles
Duration:
00:05:30

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