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Economy: Mortgage Crisis / IndyMac, Fannie Mae, Freeddie Mac #898777

ABC Evening News for Saturday, Jul 12, 2008
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(Studio: David Muir) Report introduced.

(Washington: Junji De Nies) The failure of the IndyMac bank due to the mortgage crisis featured; details given of concerns about mortgage backers Freddie Mac and Fannie Mae. [IndyMac bank customer Andre MILUKOFF†, Steve KNIEREN†, Elaine CHAPPEL†- react to what happened to the bank.] [Moody's economy.com Mark ZANDI†- talks about Freddy/Fannie stock and billions for taxpayers.]

(Studio: David Muir; New York: Betsy Stark) The threat to banks that made risky loans, the run on the bank at IndyMac and the resulting psychology about Fannie/Freddie discussed.

Muir, David;
Nies, Junji De;
Stark, Betsy

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