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Economy: Bear Stearns / Credit Crisis #899341

NBC Evening News for Monday, Mar 17, 2008
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(Studio: Brian Williams) The deal brokered by the Federal Reserve to help JPMorgan Chase take over the Bear Stearns investment bank noted.

(New York: Carl Quintanilla) The crisis in the economy examined; scenes shown of Bear Stearns employees leaving the building; statement from former Federal Reserve Board chairman Alan Greenspan quoted. [“Conde Nast Portfolio” Jess EISINGER†- states we’ll need a federal bailout if this gets worse.] [Financial planner Kathy BOYLE‡- offers advice.] [President BUSH – says we’ll continue to monitor the situation.]

(Studio: Brian Williams) Stock Market Report.

(Studio: Brian Williams, David Faber) The federal government’s response to this crisis, the public reaction to bank troubles and the impact of the Federal Reserve Board’s action discussed.

Reporter(s):
Williams, Brian;
Quintanilla, Carl;
Faber, David
Duration:
00:06:00

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