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Economy: Savings and Loan Bailout / Texas Real Estate #338652

CBS Evening News for Tuesday, Jun 11, 1991
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(Studio: Dan Rather) Report introduced.

(Capitol Hill: Bob Schieffer) Report from the General Accounting Office that the savings and loan bailout will cost more than expected featured. [General Accounting Office Comptroller General Charles BOWSHER - gives estimate.] [Senator Timothy WIRTH, Alan DIXON, FDIC (Federal Deposit Insurance Corporation) chairman William SEIDMAN - comment on the organization of the Resolution Trust Corp.] Fact that neither President Bush nor Congress know what to do about the S&L mess noted.

(Studio: Dan Rather) Report introduced.

(Dallas: Scott Pelley) RTC's plans for a series of distress sales of real estate owned by failed S&Ls featured; scenes shown from Texas. [Texas RTC supervisor Carmen SULLIVAN - explains the approach.] [Appraiser Mark DONOHO, Southern Methodist Union John PEAVY - comment on real estate auctions.]

Pelley, Scott;
Rather, Dan;
Schieffer, Bob

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