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Housing Mortgage Crisis #879291

ABC Evening News for Friday, Nov 30, 2007
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(Studio: George Stephanopoulos) Report introduced.

(Studio: Betsy Stark) A mortgage bailout plan designed to prevent the continuing wave of housing foreclosures examined; details given about a subprime rescue deal that would involve mortgage giants Citibank, Countrywide and Wells Fargo. [Treasury Secretary Henry PAULSON†- says housing is the biggest risk in the economy.] ["Inside Mortgage Finance" Guy CECALA†- wonders how much this plan will help.] [First Trust Advisors chief economist Brian WESBURY†- cites the dangers of a government bailout encouraging bad behavior.]

Reporter(s):
Stephanopoulos, George;
Stark, Betsy
Duration:
00:02:20

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