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Money Trail (Bailout: Banks) #917445

CBS Evening News for Monday, Jan 12, 2009
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(Studio: Katie Couric) Report introduced.

(Washington: Sharyl Attkisson) Where the financial bailout money that went to the banks has been spent examined; details given about the banks that got taxpayer funds and bought up the competition, including PNC getting money to buy up National City with the funds not going towards the mortgage crisis. [In conference call, October 16, 2008, BB&T president John ALLISON†- says this is capital for acquisition.] [November 14, Representative Darrell ISSA†- blames Treasury Secretary Henry Paulson.] [In response to question from Representative Dennis Kucinich, November 14, interim assistant Secretary of Treasury Neel KASHKARI†- comments on using financial capital.]

Reporter(s):
Couric, Katie;
Attkisson, Sharyl
Duration:
00:03:10

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