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Economy: Credit Crisis #924648

CBS Evening News for Tuesday, Nov 18, 2008
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(Studio: Katie Couric) Statistics on consumer debt cited.

(Washington: Wyatt Andrews) The collapse of the consumer credit market due to lenders bundling loans and credit card purchases and selling them as securities examined; details given of Treasury Secretary Henry Paulson’s call for using bailout funds to prop up credit. [Consumer Pamela SANDE††- comments.] [American Enterprise Institute Vince REINHART†- says investors are suspicious of securitized products.] [November 13, PAULSON – says it is creating a burden and reducing the number of jobs.] [American Bankers Assn. Diane CASEY-LANDRY†- says the credit standards have tightened.]

Couric, Katie;
Andrews, Wyatt

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