× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Economy: Bank Failure / IndyMac #898614

CBS Evening News for Monday, Jul 14, 2008
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Katie Couric) The falling stock prices for banks noted.

(Pasadena, California: Bill Whitaker) The failure of the IndyMac bank, which made risky mortgage loans, featured; scenes shown from Pasadena, California, of people in line to get their money; details given about the extent of uninsured money. [Bank customers Tom SACHS†, Nasim AHMED†- react.] [IndyMac Federal Bank CEO/FDIC COO John BOVENZI†- says the money is safe.] [Financial strategist Richard BOVE†- says most banks are not in the danger zone.]

(Studio: Katie Couric) Report introduced.

(Studio: Anthony Mason) The move by the Federal Reserve to crack down on deceptive lending practices that unleashed the mortgage mess examined; details given about new sub-prime rules and actions to protect Fannie Mae and Freddie Mac. [Representative Barney FRANK - blames former Federal Reserve Board chairman Alan Greenspan†† for the problems today.] [Yesterday, Secretary of Treasury Henry PAULSON†- comments on housing corrections.] [Mortgage industry consultant Howard GLASER†, economy.com's Mark ZANDI†- comment on the situation.]

(Studio: Katie Couric) Live interview held with bankrate.com Greg McBride about the banks and mortgages. [From West Palm Beach, McBRIDE - explains how most homeowners are safe; cites the impact on the general public; notes how the average person's money is safe.]

Couric, Katie;
Whitaker, Bill;
Mason, Anthony

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.