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Detailed text transcripts for TV channel - CNN - 20181229:08:55:00

could the s&ls be bailed out without a tax increase? is there any other way to do it? i don t think there is, and that s becoming the conclusion of most people. bush had to fill this smoking hole left by reagan for him, and the only way t tt is pass new legislation because now we had to start dipping into taxpayer money. the senator says only bailout will be for depositors, not for bad bankers. no one needs to worry about one nickel of their money in these institutions. this legislation says to tens of millions of s&l depositors, you will not be the victim of others mistakes. thank you all very much. and now i m proud to sign this monster. essentially, george bush is covering the biggest overdraft in history. 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 ....

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