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Hearings end as Senate panel signals Lockheed rescue
The Senate Banking Committee neared a decision on rescuing Lockheed after hearings ended. Chairman Sparkman and Packwood predicted approval of either an RFC type bill or a broader aid measure. They noted banks won t back more loans without Treasury guarantees, while critics warned of overreach and market limits.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Banking Committee
Lockheed
John Sparkman
D-Ala
Robert W. Packwood
R-Ore
Reconstruction Finance Corp
RFC
Herbert Hoover
Nixon
U.S. Treasury
Treasury
Sparkman
Senate
Packwood