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Economy: Money Meltdown / The Blame Game / Sorkin Interview #962599

CNN Evening News for Thursday, Apr 08, 2010
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(Studio: Anderson Cooper) A look at the outcome of the financial meltdown led by the big companies introduced; scenes shown from the Congressional hearings into the financial crisis; details given about former Citigroup CEO Charles Prince, whose bank collapsed due to sub-prime mortgages & Robert Rubin, who replaced Prince. [At the hearings, PRINCE - expresses sorrow for what happened in the market collapse.]

(Studio: Anderson Cooper) Live interview held with "Too Big To Fail" author Andrew Sorkin about Wall Street bankers. [SORKIN - says there was no apologies today; comments on the amount of money Prince & Rubin took out of the company after it lost billions in market caps; notes we are not changing the undergirding of the financial system' states we created an incentive system with rich guys not facing money losses.]

Reporter(s):
Cooper, Anderson
Duration:
00:06:30

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