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Economy: Savings and Loan #566889

NBC Evening News for Thursday, Feb 16, 1989
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(Studio: Tom Brokaw) Report introduced.

(DC: Irving R. Levine) Failing savings and loan insts. reported offering customers highest possible interest rates in order to prevent takeover by government regulators when President Bush's bailout plan takes effect; details given, scenes shown. [Representative Charles SCHUMER - says taxpayers will suffer from this strategy.] [US League of Savings Insts. spokesperson Gerald LEVY - says healthy S&Ls are angry.] [FDIC (Federal Deposit Insurance Corporation) chairperson L. William SEIDMAN - comments on situation.] Int. rates and cost of bailout noted continue to rise until government regulators take over.

Reporter(s):
Brokaw, Tom;
Levine, Irving R.
Duration:
00:02:20

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