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Ohio / Savings and Loan Crisis #94931

ABC Evening News for Tuesday, Mar 19, 1985
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(Studio) Ohio Governor Richard Celeste's meeting in Washington, DC with Federal Home Loan Bank Bd. to discuss his state's savings and loan crisis reported.
REPORTER: Peter Jennings

(Cincinnati, Ohio) Apparent effect of partisan pols. on Ohio legislature's inability to remedy crisis examined; details outlined on screen. [State sen. Paul GILLMOR - believes most Ohio savings and loans lack necessary financial base to reopen.] [Buckeye Savings and Loan president George HAZELETH - defs. company's financial stability.] [WOMAN - thinks time factor contributes to sense of insecurity.]
REPORTER: Chris Bury

(Studio) Drop in nationwide consumer confidence in banking industry described.
REPORTER: Peter Jennings

(Delphi, Ohio) Background to Ohio's current savings and loan crisis and effect on depositors reviewed. [Robert SARBAUGH, Paul CARTRON - note older depositors were influenced by memories of Great Depression.] [MAN -feels elderly are victims.] Criticism of Celeste's emergency measures cited. [Ron MEYER - thinks Celeste should have restored confidence.][SARBAUGH, CARTRON - don't believe confidence will be restored.]
REPORTER: Jim Wooten

Reporter(s):
Bury, Chris;
Jennings, Peter;
Wooten, Jim
Duration:
00:04:30

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