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Economy: The Bailout / Global Finances #911594

CNN Evening News for Friday, Nov 14, 2008
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[Representative Elijah CUMMINGS - outlines concerns about the bailout.]

(Studio: Anderson Cooper) The hearings on the Treasury Department's rescue plan, the auto industry's plea, President Bush's hosting of a global economic summit in Washington, DC and the request for bailout money from the mayors of three major cities reported.

(Studio: Anderson Cooper) Report introduced.

(Studio: Ali Velshi) The mayors' request for bailout money from the federal government along with the automakers, which employs a lot of people and questions about giving money to the carmakers and confused taxpayers reviewed and discussed.

(Studio: Anderson Cooper) Live discussion held with Richard Quest about the global economy on the eve of the Washington, DC, meeting. [QUEST - talks about unemployment in Britain, the destroyed housing market and a world feeling that the US and the current administration is to blame; outlines the philosophy difference of opinion between Europe and the American administration.]

(Studio: Anderson Cooper, Ali Velshi) The question of why not let the car companies go bankrupt and restructure with the danger that an automaker might fizzle out in bankruptcy discussed.

Reporter(s):
Cooper, Anderson;
Velshi, Ali;
Ali, Anderson Cooper,
Duration:
00:06:20

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