CBS Evening News for Sunday, Mar 09, 2008
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(Studio: Bianca Solorzano) The investigation into whether Countrywide mortgage lender committed fraud examined; statistics about the company cited; prior SEC investigation for improper accounting and other mortgage probes noted. [Mortgage Banking Solutions president David LYKKEN- says Countryside created more liberal products.] [Senator Charles SCHUMER - says there may be something wrong at Countrywide, which was imitated by other companies .] [At Congressional hearings, Countrywide Financial Corp. CEO Angelo MOZILO- comments on his bonuses.]
(Studio: Russ Mitchell) Report introduced.
(New York: Randall Pinkston) The approach of community-based banks to the sub-prime lending crisis examined; details given about the racial disparity in sub-prime lending. [Homeowner Michael WIGGINS - worries about payments; comments on his treatment by Carver bank.] [Carver Federal Savings president Deborah WRIGHT- cites the bank's core principles.]
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