This program is 28 minutes long
(Capitol Hill: Jake Tapper) The Wall Street bailout bill in disarray examined; details given about the blame game, the role of conservative Republicans pushing a different proposal and the position of Treasury Secretary Henry Paulson. [President BUSH - says the legislative process is sometimes not very pretty.] [White House press secretary Dana PERINO- says we are trying to prevent total economic collapse.] [Senator Harry REID - blames Senator John McCain.] [Representatives John BOEHNER, Paul RYAN, Speaker of the House Nancy PELOSI - comment on a bill/plan/deal.]
(Studio: Charles Gibson) McCain's decision to attend the first debate noted.
(Studio: Charles Gibson, George Stephanopoulos) The status of the bailout negotiations with the prospects for reaching a deal over the weekend, the support for a bill from some House Republicans and tonight's debate amidst the financial crisis that will likely have a huge audience discussed.
(Studio: Charles Gibson) McCain's presence on "This Week" this Sunday noted.
(Studio: Charles Gibson) Stock Market Report.
(Studio: Betsy Stark) The anger of Main Street Americans over rescuing Wall Street featured; scenes shown of protests in the streets; details given of the view that taxpayers will be paying billions. [Dartmouth Tuck School of Business professor Robert HANSEN- says "bailout" is misleading: it is a purchase and resale.] [Harvard University professor Kenneth ROGOFF- says money may even be made.] Diagram shown to illustrate how the government plan will work to use the fund to buy bad assets from financial institutions and repackage them for resale to better off financial institutions. The risks for the taxpayers enumerated.
(Seattle: Karl Karlinsky) The largest-ever bank failure in the US with Washington Mutual seized by the government and sold to JPMorgan Chase explained; details given about the run on deposits by WaMu customers, a potential merger of Wachovia and Citigroup and the likely failure of more banks. [Sterne Agee banking analyst Sean RYAN- offers perspective on the scope of this bank failure.] FDIC public service ad featuring financial analyst Suze Orman shown. [on the street, MAN - reacts.]
(Atlanta: Steve Osunsami) The gasoline shortage in the Southeast due to refineries being closed by Hurricane Ike featured; scenes shown of people in line at service stations in North Carolina; details given about the EPA waiver allowing some states to use less-clean gas. [Two MOTORISTS, POLICEWOMAN - react.] ["Platt's OilGram News" editor Beth EVANS- talks about product availability.] [Georgia Governor Sonny PERDUE- advises people not to take trips.]
(Dover, England: Nick Watt) The flight over the English Channel by a Swiss daredevil, Yves Rossy, wearing homemade jet pack wings featured; scenes shown of him jumping out of a plane, flying and landing. [ROSSY - explains how he changes directions; notes he has a rescue helicopter; explains what it feels like to fly.]
(Studio: Charles Gibson) "Flight of the Jet Man" on National Geographic Channel noted.