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Economy: Banks / Sorkin Interview #925240

ABC Evening News for Sunday, Mar 08, 2009
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(Studio: Dan Harris) Report introduced.

(White House: John Hendren) The call from some senators for "zombie banks" to be allowed to fail in this economic crisis featured; details given about the impact of slow car sales. [On "This Week," Senator Richard SHELBY; on Fox, Senator John McCAIN; on "This Week," Senator Evan BAYH - offer views on the bad banks.] [Harvard University economist professor Kenneth ROGOFF†- calls this the end of an era in spending.] [Golden Gate University consumer psychology professor Kit YARROW†- says consumers have pulled back.]

(Studio: Dan Harris) Live discussion held with Andrew Ross Sorkin about the idea of letting banks fail. [SORKIN - suggests a government takeover is better than letting banks fail because they are too big; states FDIC insured money is safe.]

Harris, Dan;
Hendren, John

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