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Money Watch (Interest Rates, Banks) #900170

CBS Evening News for Tuesday, Mar 18, 2008
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(Studio: Katie Couric) The interest rate cut by the Federal Reserve Board cited; Stock Market Report.

(New York: Anthony Mason) The difficulty in getting loans from banks examined; graph shown of the drop in the federal funds rate; details given about the Fed’s effort to make more money available. [John Hancock Financial Services William CHENEY†- says this is a large move by the Fed.] [PNC Financial Services chief economist Stuart HOFFMAN†- notes banks are feeling senseless panic.] [Massachusetts Educational Financing Authority Thomas GRAF†- notes the difficulty in finding lenders to provide student loans.]

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:02:10

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