This program is 28 minutes long
(Studio: Anthony Mason) Bank of America’s agreement to buy out troubled Countrywide Financial Corp. in an effort to ease the mortgage crisis featured; the rise in Countrywide’s foreclosures and delinquencies cited. [Egan-Jones Rating Co. Sean EGAN- says it’s important for the economy’s health.] [Neighborhood Assistance Corp. of America Bruce MARKS- notes the impact of Countrywide going bankrupt.] The mortgage market discussed.
(Simi Valley, California: Sandra Hughes) The impact of a recession on middle class families featured; financial losses for the average family cited. [Laid-off worker Dori JULIAN- reacts to losing her real estate job.] [Dori and husband Dean JULIAN– outline how they are cutting back.]
(Detroit: Bill Whitaker) The importance of Michigan to Mitt Romney’s presidential campaign examined; details given of the lack of a frontrunner in the Republican race. [Wayne State University Lyke THOMPSON- says this is totally unpredictable.] [At last night’s South Carolina debate, ROMNEY – refers to Michigan.] [Romney’s South Carolina campaign manager Terry SULLIVAN- says this is a bizarre cycle.]
(Detroit: Nancy Cordes) The increasing occurrence of severe weather, including tornadoes, in January featured; scenes shown of damaged homes in Dyer County, Tennessee, and Vancouver, Washington, floodwaters; statistics cited. [2 PEOPLE – react.] [NOAA Storm Prediction Center Greg CARBIN- notes the impact of warmth and moisture.]
(Washington: Sharyl Attkisson) Earmark funds given to software developer ProLogic, Inc. despite an FBI investigation into its business practices featured; ProLogic’s lobbying costs and contributions to Congressmembers cited; details given of the support from Representative Alan Mollohan††, who is being investigated for his earmarking practices; Congressmen who proposed earmarks for ProLogic shown. [National Legal and Policy Center chairman Kenneth BOEHM†- reacts.] [Professional Services Industry spokesman Stan SOLOWAY†- defends the earmarks for ProLogic.] Earmarks for defense contractor BAE Systems, which is in the midst of a bribery probe, cited.
(White Plains, New York: Michelle Miller) The sentencing of former track star Marion Jones for lying about using steroids featured; courtroom sketches by Jane Rosenberg shown. [Outside the courthouse, JONES – says she hopes people learn from her mistakes.] [In 2004, JONES – denies using performance-enhancing drugs.] [“Sports Illustrated” Luis Fernando LLOSA- says athletes have been under the misconception they’re untouchable.]
(Fargo, North Dakota: Steve Hartman) The Christmas bonus given to employees of State Bank and Trust in Fargo, North Dakota, with the stipulation that they pay it forward featured; videos shown of the workers’ good deeds. [Several bank WORKERS – comment on how they love their jobs and how they feel about their bonuses.] [COO Michael SOLBERG†- lists the rules for giving the money away.]
(Studio: Katie Couric, Steve Hartman) This story and next week’s segment discussed.