This program is 29 minutes long
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(Studio: Savannah Guthrie) The failure of the IndyMac bank due to the mortgage crisis featured; details given of concerns about mortgage backers Freddie Mac and Fannie Mae. [Bank CUSTOMER - comments.] [FDIC David BARR†- says this is a large bank failure.] Letter from Senator Charles Schumer about IndyMac's finances quoted. ["Smart Money" magazine Russell PEARLMAN†- comments on government liability.]
(Studio: Lester Holt; New York: Trish Regan) The role of Freddie Mac and Fannie Mae in the mortgage system and what problems with the two would mean for the housing industry discussed.
(Studio: Lester Holt) Further coverage of the economy on "Meet the Press" noted.
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(Washington: David Gregory) The life and journalism and political careers of former White House press secretary Tony Snow, who died from cancer, reviewed; scenes shown from an emotional interview with Snow about his cancer, of Snow undergoing chemotherapy and in his role as press secretary. [SNOW - talks about dealing with his family and with cancer.] [President BUSH - appoints Snow.]
(Studio: Lester Holt; Washington: David Gregory) Remembrances of Snow discussed.
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(Los Angeles: John Larson) The record wildfire season in California featured; scenes shown of the blazes and the firefighters; details given about the cost to the state of fighting the fires, foreign fire fighting help and the issue of protecting rural homes. [Governor Arnold SCHWARZENEGGER - talks about the state budget.] [Battalion chief Mike MARTIN†- talks about the fires.]
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(Silicon Valley: Jim Goldman) The issue of food safety in light of the salmonella outbreak examined; scenes shown from a California packing facility that uses new ozone technology to kill molds and viruses. [Tomato shipper Kirby TANAMURA‡- says we have safe food.] [Purfresh CEO David COPE†- talks about stopping contamination using ozone as a disinfectant.]
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(New York: Kevin Tibbles) Aviation dangers examined; details given {with diagrams} about two incidents in a week at the Kennedy Airport in New York City in which planes came close to hitting; audiotape of air traffic control directed to the planes played. [National Air Traffic Controllers Assn. Stephen ABRAHAM†- says it can get dangerous quickly.] Statement from FAA spokesman Laura Brown about changes in procedures at the Kennedy perpendicular runways quoted. [Former NTSB investigator Greg FEITH†- says runway redesign is needed.]
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(London: Tom Aspell) The controversy over the last record album by former supermodel Carla Bruni, who is now married to the prime minister of France, examined; scenes shown of her recording session and of her in public. [France TV 24 correspondent Benedicte PAVIOT†- talks about Bruni's musical picture of Nicolas Sarkozy.] [BRUNI - talks about her songwriting.] [Music critic David SINCLAIR†- talks about Bruni, the musician.] [FRENCHWOMAN - calls her glamorous.]
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