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Economy: Bailout Battle / Foreclosure Crisis #911573

CBS Evening News for Friday, Nov 14, 2008
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(Studio: Russ Mitchell) Report introduced.

(Washington: Sharyl Attkisson) The Congressional hearings on the economic bailout featured. [Representatives Darrell ISSA, Elijah CUMMINGS†- question interim assistant secretary of Treasury Neel Kashkari.] [KASHKARI†- says we want to prevent a complete financial collapse; states we need AIG to keep running.]

(Studio: Russ Mitchell) Report introduced.

(Studio: Anthony Mason) A sweeping FDIC proposal to keep distressed borrowers in their homes examined; details given about this mortgage help plan. [FDIC chairman Sheila BLAIR†- says we are behind the curve.] [KASHKARI†- comments on the money.] Report that the votes are not there for a Senate bailout of the auto industry noted.

Reporter(s):
Mitchell, Russ;
Attkisson, Sharyl;
Mason, Anthony
Duration:
00:04:10

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