NBC Evening News for Wednesday, Dec 28, 1988
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(Studio: Connie Chung) Report introduced.
(DC: Irving R. Levine) Bailout of California and Texas savings and loan insts. featured; details given, scenes shown. [FDIC (Federal Deposit Insurance Corporation) chairperson William SEIDMAN - comments on cost of bailout.] [S&L consultant Bert ELY - says taxpayers will pay for bailout.] Bailout process detailed. [SEIDMAN, Senator Don. REIGLE, DEPOSITORS - comment on situation.] Bush administration noted faced with more insolvent S&Ls.
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