This program is 29 minutes long
(Studio: Anthony Mason) The importance of Fannie Mae and Freddie Mac to the housing market and the entire economy examined. [Pacific Growth Equities economist Stephen MASSOCCA- explains the drop in the companies’ stock values.] [University of Maryland Peter MORICI- predicts there will be a depression if Fannie and Freddie fail.]
(Studio: Katie Couric) Report introduced.
(White House: Jim Axelrod) The administration’s reaction to this crisis featured. [President BUSH – says Treasury Secretary Henry Paulson and Federal Reserve Board chairman Ben Bernanke will be working very hard.] [Yesterday, PAULSON – comments on the status of Fannie and Freddie.] [Senator Chris DODD – says there is no reason to talk about failure.] [Center for Economic and Policy Research Dean BAKER- notes a plan might be in place in a week.] The positions of the presidential candidates noted.
(Studio: Katie Couric, Anthony Mason) The impact on homeowners discussed.
(Pentagon: David Martin) Problems with the Army’s Warrior Transition Unit program set up for combat casualties featured; statistics cited. [Warrior Care and Transition Office director Brig. Gen. Gary CHEEK- notes only 12 percent of the soldiers in the units were wounded in combat.]
(New York: Daniel Sieberg) Problems with the new Apple iPhones that failed to activate featured. [Several PEOPLE – react.]
(Washington: Sharyl Attkisson) Questions about the accounting for the Teach for America program, which trains college graduates and professionals to become teachers in needy schools, examined; details given about unaccounted-for expenses. [Teach for America vice president Kevin HUFFMAN†- says we’re confident we spent the money on training teachers.] [Citizens Against Government Waste Leslie PAIGE†- comments on the failure to provide basic information.]
(Crandon, Wisconsin: Steve Hartman) The demolition of the house in Crandon, Wisconsin, where sheriff’s deputy Tyler Peterson fatally shot 6 people last October featured; scenes shown of a bulldozer knocking down the walls, the ceremony at the house the night before its destruction and the vacant lot today; photos shown of the victims, including Jordanne Murray; details given about the money raised by the community to pay the owner of the house. [WOMAN, young MAN – comment.] [Pastor Bill FARR- says it’s an infection.]
(Studio: Katie Couric, Steve Hartman) This story and next week’s segment discussed.