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Economy: Bailout / Consumers #923692

NBC Evening News for Wednesday, Nov 12, 2008
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(Studio: Brian Williams) The government’s shift in the use of the bailout package meant to buy bad mortgage debt noted; Stock Market Report.

(New York: Scott Cohn) Treasury Secretary Henry Paulson’s diversion of part of the bailout money to prop up the consumer market featured; statistics on holiday budgets cited; internal memo from Barnes and Noble CEO Leonard Riggio† quoted. [PAULSON - says this market has ground to a halt.] [Shoppers Paul DYE‡, Rasheka WHEELER†- comment.] [Mesirow Financial Diane SWONK†- says this is a potluck Christmas.] Circuit City’s bankruptcy mentioned.

(Studio: Brian Williams; CNBC headquarters: Steve Liesman) Paulson’s change in strategy and the poor showing in the stock market discussed.

Williams, Brian;
Cohn, Scott;
Liesman, Steve

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