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Economy: Housing Crisis / Rescue Mission #922429

ABC Evening News for Wednesday, Feb 18, 2009
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(Studio: George Stephanopoulos) Commerce Department statistics on housing starts cited.

(Mesa, Arizona: Jake Tapper) President Obama's plans to help homeowners featured; details given about the three parts of the homeowner stability plan. [Phoenix foreclosure victim Merrilee MABEE†- says "it's gone."] [In Mesa, OBAMA - says the American dream is being tested by a home mortgage crisis; states it will not reward those buying homes they could not afford.] [Voice of Treasury Secretary Tim GEITHNER - promotes the housing plan.]

(Studio: George Stephanopoulos) RealtyTrac foreclosure statistics cited.

(Miami: Jeffrey Kofman) The possible impact of the president's plan on homeowners examined; scenes shown from Miami. [Miami homeowner Rosie ALVAREZ, real estate attorney Jorge GAVIRIA†; New Jersey homeowner Mike SLIKER†- comment on the housing situation and the solutions.] [McCabe Research housing market analyst Jack McCABE†- says the plan is not enough.]

Reporter(s):
Stephanopoulos, George;
Tapper, Jake;
Kofman, Jeffrey
Duration:
00:05:30

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