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Economy: Wall Street #922944

ABC Evening News for Monday, Feb 23, 2009
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(Studio: Charles Gibson) Another drop in the stock market due to concerns about the banks introduced.

(Studio: Betsy Stark) The lowest level for the Dow in 12 years featured; details given of concerns about the nationalizing of the banks and the coming "stress tests" for the largest banks starting with Citi. [Jefferies and Co. chief market strategist Art HOGAN†- says fear is dictating trading.] [WJ Blum and Sons trader Patrick CASEY†, Meridian Equity Partners Jonathan CORPINA†, Seaport Securities Jason WEISBERG†, Peterson Inst. for International Economics Adam POSEN†- comment on investors, capitalism and nationalizing.] The reasons why nationalization is such a dirty word to Wall Street discussed.

Reporter(s):
Gibson, Charles;
Stark, Betsy
Duration:
00:03:20

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