NBC Evening News for Friday, Dec 30, 1988
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(Studio: Connie Chung) More savings and loan insts. reported bailed out by fed. government Report introduced.
(DC: Irving R. Levine) FSLIC noted allowing buyers to purchase failing S&Ls at low cost; exs. given, cost illustration [Texas banker Gerald J. FORD - comments on situation.] [Senator Howard METZENBAUM - says American taxpayers are losing on this deal.] Taiwanese busmen., wealthy Americans Robert Bass and Ronald Perelman reported making huge profits on deals. [Econ. Don. RATAJCZAK - comments on situation.] Tax advantages enjoyed by buyers of S&Ls noted being cut in half next year Congress investigations noted expected.
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