Jerry Knight

Journalist Jerry Knight has been covering the Savings & Loan Crisis for the Washington Post. He'll talk about the predicted bank closings that will probably occur in early 1993 triggered by a federal law that goes into affect December 19. The law requires that federal regulators take over failing banks when their financial problems "reach the point of no return." There are 1,000 banks on the FDIC's "problem bank list." The issue was brought up in last night's presidential debate.

We examine the implications of the economic collapse with Washington Post reporter Jerry Knight.