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Economy: Banks and Stock Market #922516

CBS Evening News for Friday, Feb 20, 2009
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(Studio: Katie Couric) The three separate actions this week by President Obama to fix the economy reviewed; Stock Market Report.

(New York: Anthony Mason) The response of Wall Street to the banking situation examined; the drop in Citi and Bank of America stocks cited. [Market analyst Jill SCHLESINGER†- says Wall Street investors do not feel confortable with the banks.] [White House press secretary Robert GIBBS†- says the privately held banking system is what we should have.] The imminent start of the stress test to catch bad loans in the bank books noted. [Moody's economist Mark ZANDI†- says this test will determine who will get equity.] [Stifel, Nicolaus, Inc., bank analyst Collyn GILBERT†- says banks need more capital: that is the bottom line.] Statement from Senator Chris Dodd about possible nationalization of the banks noted.

Couric, Katie;
Mason, Anthony

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