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Nebraska / Rural Bank Failure #88243

ABC Evening News for Sunday, Dec 02, 1984
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(Studio) Report introduced
REPORTER: Sam Donaldson

(Verdigre, Nebraska) Impact on farmers of recent failure of town's bank and FDIC freezing of assets of borrowers examined. [Reverend Ronald BATTIATO - notes town has no cash for necessities.] Background to situation explained. [Bob and Janet FRANK - discuss FDIC (Federal Deposit Insurance Corporation) taking their entire income.] Larry Sukup's efforts to feed livestk. and family described. [Diana SUKUP - notes alternatives available to them.] [BATTIATO - considers FDIC (Federal Deposit Insurance Corporation) move senseless, unethical and unjust.] [FDIC (Federal Deposit Insurance Corporation) spokesperson Burns BAKER - defs. government action.] Freeze's impact on town merchants cited. [Karen GUINN - comments on town's fear of the future.] [N. American Farmer's Alliance spokesperson Merle HANSEN - encourages farmers to militancy.]
REPORTER: Chris Bury

Bury, Chris;
Donaldson, Sam

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