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Economy: Savings and Loan Bailout / Bush Plan #567203

NBC Evening News for Monday, Feb 06, 1989
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(Studio: Tom Brokaw) Report introduced.

(DC: John Cochran) President George Bush's plan to bail out savings and loan insts. discussed. [BUSH - comments on plan.] Bush proposal outlined on screen. [BUSH - comments on possibility that taxpayers will have to help bail out S&Ls.] [Senator Phil GRAMM, Representative Charles SCHUMER - commend Bush.] [Senator Robert DOLE - fears reductions in other programs.] [National Council of Savings Insts. spokesperson Charles KOCH -comments on plan.] [S&L depositor Erma WILSON - says she withdrew her savings from S&L.]

(Studio: Tom Brokaw) Bush quoted with regard to allocations for Justice Department's criminal investigations into fraud and mismanagement of S&Ls.

Reporter(s):
Brokaw, Tom;
Cochran, John
Duration:
00:02:40

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