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Economy: Auto Industry / Bailout / Serwer Interview #912260

CNN Evening News for Tuesday, Nov 18, 2008
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[Senator Christopher DODD - speaks about the auto industry.]

(Studio: Anderson Cooper) Report introduced.

(Studio: Ali Velshi) The appeal to Congress by the auto industry for an economic bailout and how the bailout money already allocated will be spent reviewed and discussed; details given about the grilling of Treasury Secretary Henry Paulson's reversal on how to spend the money. [PAULSON, FDIC chairman Sheila BAIR†- offer views on how to spend the bailout money.] [PAULSON - says we changed the strategy.] [Ford Motor Co. CEO Alan MULALLY†- outlines what could happen to the entire auto industry.]

(Studio: Anderson Cooper) Live discussion held with "Fortune" magazine editor Andy Serwer about the bailouts. [SERWER - talks about Paulson's view of the bailout to aid the banks, not the homeowners; states we don't know if the bailout has worked so far in stabilizing the market; indicates President-elect Barack Obama has no power over the money at this time; comments on the option of letting GM go bankrupt.]

Reporter(s):
Cooper, Anderson;
Velshi, Ali
Duration:
00:07:20

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