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Minnesota / Banking #276911

CBS Evening News for Tuesday, Apr 07, 1981
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(Studio) Report introduced
REPORTER: Dan Rather

(DC) [Bank depositor Keith NORBIE - questions bank's procedure.] Norbie's loss of funds described. [Mother Eleanore NORBIE - recalls son's reaction.] [Keith NORBIE - expresses disillusion with banks.] Bank's defense of system outlined. [First Bank Duluth spokesperson Jim CLAYPOOL - claims snowballing effect.] [Minnesota state treasurer Jim LORD - calls bank procedures thievery.] Norbie family noted never hearing from bank as to fate of Keith's funds. [LORD - notes 1 bank claims it can't find state of Minnesota to which it owes money; cites ploys used by other banks to avoid paying.] Amt. banks said to have taken from unclaimed accts. outlined on screen, discussed; legislature dealing with dormant accts. noted not introd. Size of pro-bank lobbying groups in United States pols. outlined on screen. [Representative Benjamin ROSENTHAL - says consumer has no lobbying system.]
REPORTER: Bruce Morton

Reporter(s):
Morton, Bruce;
Rather, Dan
Duration:
00:03:30

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