Transcripts for CNN The Eighties 20240604 06:56:00 : vimarsa

CNN The Eighties June 4, 2024 06:56:00

and now i'm proud to sign this monster. reporter: essentially, george bush is covering the biggest overdraft in history. [ applause ] [ laughter ] bush caves. he raises taxes. that kills him politically but saves america economically. listen carefully to this number -- $500 billion. that's the latest estimate of what the failure of hundreds of federally insured savings and loans will eventually cost american taxpayers. reporter: mr. keating, how soon can you make bail? man: no questions. healy: the once-rapid growth of keating's now-failed lincoln savings of california had been fueled by the sale of a quarter billion dollars' worth of uninsured and now worthless bonds -- the majority bought by seniors, many losing their life savings. i need my money! give it to me right now! black: charles keating was convicted in two trials, but both of those verdicts were overturned,

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