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Economy: Credit Crisis #925181

NBC Evening News for Tuesday, Nov 25, 2008
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(Studio: Brian Williams) Report introduced.

(Studio: Trish Regan) The government’s announcement of another bailout to encourage banks to lend to consumers examined; details given about the plan to make credit card, student and auto loans available and to buy mortgage debt from Fannie Mae and Freddie Mac; statistics on the GDP and home prices cited. [Treasury Secretary Henry PAULSON – says the Federal Reserve facility will enable institutions to step up their lending.] [Moody’s economist Mark ZANDI†- comments on rising unemployment and falling housing values.] [NYSE governor Steve GRASSO†- notes the importance of curing the housing market.] President-elect Barack Obama’s naming of Peter Orzsag†† as budget director noted. [OBAMA – speaks of his economic recovery plan.]

(Studio: Brian Williams) Stock Market Report.

(Studio: Brian Williams, Steve Liesman) The printing of more money and how many bailouts there might be discussed.

Reporter(s):
Williams, Brian;
Regan, Trish;
Liesman, Steve
Duration:
00:05:10

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