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Economy: Housing / Fannie Mae and Freddie Mac #910477

CBS Evening News for Friday, Jul 11, 2008
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(Studio: Katie Couric) Figures on mortgages held or guaranteed by Fannie Mae and Freddie Mac cited; Stock Market Report.

(Studio: Anthony Mason) The importance of Fannie Mae and Freddie Mac to the housing market and the entire economy examined. [Pacific Growth Equities economist Stephen MASSOCCA†- explains the drop in the companies’ stock values.] [University of Maryland Peter MORICI†- predicts there will be a depression if Fannie and Freddie fail.]

(Studio: Katie Couric) Report introduced.

(White House: Jim Axelrod) The administration’s reaction to this crisis featured. [President BUSH – says Treasury Secretary Henry Paulson and Federal Reserve Board chairman Ben Bernanke will be working very hard.] [Yesterday, PAULSON – comments on the status of Fannie and Freddie.] [Senator Chris DODD – says there is no reason to talk about failure.] [Center for Economic and Policy Research Dean BAKER†- notes a plan might be in place in a week.] The positions of the presidential candidates noted.

(Studio: Katie Couric, Anthony Mason) The impact on homeowners discussed.

Couric, Katie;
Mason, Anthony;
Axelrod, Jim;
Anthony, Katie Couric,

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