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Economy: Housing / Mortgages and Bailout #922549

CNN Evening News for Friday, Feb 20, 2009
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(Studio: Anderson Cooper) The spread of foreclosure at a record rate noted.

(Washington: Tom Foreman) The reaction to the housing bailout featured; quotes from blog sites cited; scenes shown from CNBC of a reporter's rant; details given about the problems of determining the actions of a homeowner who failed. [Homeowner Bruce TIMBERLINE†- blames the Democrats.] [White House press secretary Robert GIBBS†- asks the ranter to read the plan; states some who made bad decisions will get helped.] [President OBAMA - says this plan will not rescue the irresponsible.] [FDIC chairwoman Sheila BAIR†- says we are in this together.]

(Studio: Anderson Cooper) Live discussion held with "Money" magazine Donna Rosato and HLN money expert Clark Howard in response to four viewers' questions about the housing bailout. [HOWARD - says one part of the bailout allows people who are paying mortgages to refinance their mortgages; outlines the provisions people will go bonkers about.] [ROSATO - explains who the Obama plan is aimed at: people who have not gone into foreclosure yet.] [HOWARD - says unemployment benefits and food stamps are there to be used; offers advice on dealing with credit card companies.] [ROSATO - outlines what banks may do in trying to get ahead of the new regulations.]

Reporter(s):
Cooper, Anderson;
Foreman, Tom
Duration:
00:08:50

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