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Economy: Savings and Loan / The Blame Game #575895

NBC Evening News for Thursday, Jun 28, 1990
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(Studio: Tom Brokaw) Contributions by savings and loan interests to political campaigns reported; details given of contribution from son of Ohio S&L tycoon Carl Lindner to Bush '88 campaign. Senators receiving most from S&L interests listed: Alfonse D'Amato, Alan Cranston, Lloyd Bentsen, Don Riegle and Pete Wilson. [In interview, Common Cause president Fred WERTHEIMER - says evidence shows those who voted with the S&L industry had received campaign funds; cites how much the bailout will cost; says Congress is fighting to hold on to a corrupt campaign finance system.]

(US Capitol: Andrea Mitchell) Absence of S&L issue from '88 presidential and other political campaigns examined. [Thrift regulator L. William SEIDMAN - explains why Democrats and Republican backed S&L industry.] [In presidential campaigns, George BUSH, Michael DUKAKIS, Ronald REAGAN - make statements.] Manner in which David Paul, of Miami's CenTrust Bank, spent thrift's insured deposits reviewed. [Voice of real estate APPRAISER - describes shoddy real estate developments in Texas.] [Former thrift regulator Ed GRAY - says money controlled what Congress did.] Link of former Congressmen Jim Wright and Tony Coelho to S&L interests recalled. Support of deregulation by Reagan, chief of staff Donald Regan, and Vice President Bush recalled. [Thrift regulator M. Danny WALL - talks about projected bailout costs.] Playing of the "blame game" by politicians explained.

Reporter(s):
Brokaw, Tom;
Mitchell, Andrea
Duration:
00:05:40

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