This program is 29 minutes long
(New York: Erin Burnett) The failure of the IndyMac bank in California featured; scenes shown of lines of depositors; details given about the government’s response to the Freddie Mac/Fannie Mae emergency. [At a Pasadena IndyMac, CNBC’s Jane WELLS††- comments on the people wanting their money.] [IndyMac depositor Charleston GARY‡- reacts.] [CNBC’s Bill SEIDMAN†- says the FDIC is very healthy.] Concern about Washington Mutual noted.
(Studio: Brian Williams, Steve Liesman) What people should do, how bad this situation could get and the economic impact of President Bush’s call for opening up offshore oil fields discussed.
(Washington: Lisa Myers) The Federal Reserve Board’s new regulations to address mortgage lending abuses involving subprime loans outlined. [Fed chairman Ben BERNANKE – notes unfair practices resulted in loans that were inappropriate for the borrower.] [Center for Responsible Lending Josh NASSAR- says it’s common sense.] [Representative Barney FRANK- criticizes former Fed chairman Alan Greenspan.]
(Chicago: Lee Cowan) The controversy over the "New Yorker" magazine cover caricature of Senator Barack Obama and his wife that sums up rumors about his past and his patriotism featured; cover shown; details given about the Obama campaign’s effort to fight rumors; “Newsweek” poll on voters who believe Obama is a Muslim cited. [Senator John McCAIN, OBAMA - react.] [Democratic strategist Steve McMAHON- says rumors are moving faster than ever.] [“New Yorker” David REMNICK- says the cover is trying to say it’s nonsense.] [Political cartoonist Mike LUCKOVICH- says the cartoon may have misfired.]
(New York: Robert Bazell) The increase in heart check-ups following the death of NBC’s Tim Russert featured; details given about the risk from cholesterol and the limitations of CT tests and stress tests. [College professor Jordan LEONDOPOULOS- says Russert’s death got his attention.] [Cardiologist Dr. David ENGEL- says people are now more willing to take statins.]
(St. Louis: Scott Cohn) The takeover of Anheuser-Busch Budweiser beer by Belgian rival InBev featured; scenes shown of the “St. Louis Post-Dispatch” newspaper headline; details given of the reaction in St. Louis. [Bar PATRON, St. Louis resident Terri RYAN, Anheuser-Busch employee Derrick HARRIMAN- react.] [Senator Claire McCASKILL- says we have to look at the bright side.]
(Los Angeles: Maria Menounos) The rising star of 99-year-old actress Mae Laborde, who was discovered 6 years ago, featured; clips shown. [LABORDE – talks about acting, being 99 and movies.]