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Economy: Mortgage Crisis / IndyMac #898561

NBC Evening News for Saturday, Jul 12, 2008
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(Studio: Lester Holt) Report introduced.

(Studio: Savannah Guthrie) The failure of the IndyMac bank due to the mortgage crisis featured; details given of concerns about mortgage backers Freddie Mac and Fannie Mae. [Bank CUSTOMER - comments.] [FDIC David BARR†- says this is a large bank failure.] Letter from Senator Charles Schumer about IndyMac's finances quoted. ["Smart Money" magazine Russell PEARLMAN†- comments on government liability.]

(Studio: Lester Holt; New York: Trish Regan) The role of Freddie Mac and Fannie Mae in the mortgage system and what problems with the two would mean for the housing industry discussed.

(Studio: Lester Holt) Further coverage of the economy on "Meet the Press" noted.

Holt, Lester;
Guthrie, Savannah;
Regan, Trish

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