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Daily Difference: in the '90S (Florida, Texas Bankruptcy Laws) #578906

NBC Evening News for Monday, Dec 16, 1991
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(Studio: Tom Brokaw) Loopholes in the Florida and Texas bankruptcy laws that allow the rich to keep their luxury homes featured; cases of bankrupt Colonial Realty baron Benjamin Sisty and bankrupt Houston businessman Mel Powers detailed; homes and excerpt from Colonial Realty video shown. [SISTY - says no investor money was used to buy his homes.] [POWERS - comments on keeping his home.] [Florida state senator Helen Gordon DAVIS - comments on people who use bankruptcy loophole as a tax shelter.] [Investor Vito SANTISIERRA - talks about wanting revenge from Sisty.] Support for the bankruptcy laws noted.

Brokaw, Tom

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