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Economy: Savings and Loans #569002

NBC Evening News for Wednesday, Jun 14, 1989
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(Studio: Garrick Utley) Report introduced.

(DC: Andrea Mitchell) House of Representatives reported debating savings and loan bailout bill. [President BUSH - urges Congress not to be swayed by S&L lobbying.] [Representative Henry HYDE - comments.] S&L industry contributions to campaign funds of Representative James Quillen noted; details outlined on screen. [US League of Savings spokesperson Fred WEBBER - defends contributions.] [Thrift owner Warren BUFFETT - says S&L lobby is a powerful carcinogen.]

(Studio: Garrick Utley) Report introduced.

(DC: Irving R. Levine) Cost and economy dangers of S&L bailout bill examined; President Bush's plan reviewed. [S&L consultant Bert ELY - says plan isn't sound.] [Econ. Edward KANE - comments on real estate that has been taken over from failed S&Ls.] Plan noted favoring use of junk bonds. [FDIC (Federal Deposit Insurance Corporation) chairperson L. William SEIDMAN - says hsing. should be financed, not junk bonds.] [Senator Howard METZENBAUM - says taxpayer will pay for this bill.]

Reporter(s):
Utley, Garrick;
Levine, Irving R.;
Mitchell, Andrea
Duration:
00:05:00

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