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Economy: Stock Market, AIG / A Discussion #923835

CNN Evening News for Monday, Mar 02, 2009
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(Studio: Anderson Cooper) Report introduced.

(Studio: Ali Velshi) The economic news from AIG, the big drop in the stock market and why AIG insurance cannot be allowed to fail reviewed and discussed; details given about AIG's insuring of mortgages before the housing bubble burst and the four bailouts of the company. [Forbes Robert LENZER†- says we don't know what would happen if AIG went bankrupt.]

(Studio: Anderson Cooper) Live discussion held with former comptroller general David Walker and CNN's Joe Johns and David Gergen about the market. [In-studio, WALKER - says we have an "irrational pessimism"; outlines what the administration needs to do to deal with troubled bank assets.] [GERGEN - says some economists say there is a chance of a depression; outlines the fundamental question about President Obama's priorities and whether he should focus solely on the economy and stabilizing the financial institutions.] [JOHNS - comments on what should the administration should do.]

Cooper, Anderson;
Velshi, Ali

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