CBS Evening News for Friday, Jul 11, 2008
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(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.
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