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Economy: High Anxiety / A Discussion #898657

ABC Evening News for Tuesday, Jul 15, 2008
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(Studio: Charles Gibson) Stock Market Report. ABC News survey on consumer pessimism cited.

(Studio: Betsy Stark) The high anxiety over the economy examined; statistics on the drop in bank stocks cited; details given about problems with Fannie Mae and Freddie Mac and on an emergency order from the SEC about investors. [President BUSH - says the banking system is sound.] [In response to question from Senator Richard Shelby, Federal Reserve Board chairman Ben BERNANKE†- says our banking system is well capitalized; comments on the economy's difficulties.] [At hearings, Treasury Secretary Henry PAULSON - comments.] [Brookings Inst. economist Douglas ELMENDORF†- comments on government intervention.]

(Studio: Charles Gibson) The fear factor regarding the economy noted.

(Washington: David Muir) The view from financial planners about the safety of money in the mortgage crisis examined. [Financial Planning Assn. president Mark JOHANNESSEN†, investors Richard SALZMAN†, Sara JONES†, Legacy Wealth Partners president Brad LEVIN†- talk about money, banks, safety, retirement and investments.]

(Studio: Charles Gibson) Live discussion held with Stanford Group vice president Anne Mathias, Citigroup economist Louis Alexander and Ariel Investment president Mellody Hobson about the state of the economy. [ALEXANDER, MATHIAS, HOBSON - offer views on the problems in the economy, the pain for individual people, the pessimism in the market, the overreaction in the financial market, how people can make sure their money is safe.]

Reporter(s):
Gibson, Charles;
Stark, Betsy;
Muir, David
Duration:
00:09:10

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