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(Studio: Brian Williams) Report introduced.
(Studio: Trish Regan) The reaction to President Obama’s plan to save the housing market featured; scenes shown of the rant on live TV by CNBC’s Rick Santelli† over the bailout of homeowners; the cost of the plan and figures on the stock market, unemployment and foreclosures cited. [SANTELLI – criticizes Obama’s plan.] [On the street, MAN, WOMAN – comment on irresponsible borrowers.] [Moody’s economy.com Mark ZANDI†- says it’s a bitter pill to swallow but we need to swallow it.] The percentage of Americans who pay their mortgages on time cited and discussed.
- Williams, Brian;
- Regan, Trish
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