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Ohio / Savings and Loan Crisis #94912

ABC Evening News for Monday, Mar 18, 1985
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(Studio) Report introduced
REPORTER: Peter Jennings

(Cincinnati, Ohio) Governor Richard Celeste's refusal to allow state's uninsured savings and loans to reopen and reaction of stranded depositors examined. [CELESTE - defs. action.] [Cecile ECKSTEIN - fears implications of delayed opening.] Background to crisis, stemming from Home State Savings Bank's collapse, reviewed. [Molitor Building and Loan president Fred MORR - supports Governor's move.] [Andy HELMUT - claims confidence in financial insts. not insured by federal government has been destroyed.]
REPORTER: Chris Bury

(Studio) [CELESTE - discusses burden on depositors of no funds, goal of getting federal insurance for Ohio's savings and loan companies]
REPORTER: Peter Jennings

Reporter(s):
Bury, Chris;
Jennings, Peter
Duration:
00:03:30

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