This program is 28 minutes long
(Studio and New York: David Muir) The enormous fear on Wall Street featured; details given about Citi and Bank of America stocks. [Senator Chris DODD - says it may come to nationalizing the banks.] Statement from former Federal Reserve Board chairman Alan Greenspan quoted. [UBS Financial Services director Art CASHIN, White House press secretary Robert GIBBS, Leeb Capital Management Stephen LEEB- offer views on the banking system.] The government stress test of the bank books noted.
(White House: Jake Tapper) The White House defense of the administration housing policy featured; scenes shown from CNBC of on-air editor Rick Santelli's rant about housing; details given about the administration plan. [White House press secretary Robert GIBBS†- calls for the cable ranters to be responsible; states there will be help for some people who made bad decisions.] [On Thursday, on "Good Morning America," FDIC chairman Sheila BAIR†- says we are in an endless spiral of foreclosures.] [International Strategy Investment Group Andrew LaPERRIRE†- outlines what needs to be done for housing.]
(Studio: Brian Ross) The money trail in the Bernard Madoff fraud case featured; details given of the findings that Madoff made no trades over the last 13 years, about his phony payments, his use of a European bank clearing house to move funds to secret accounts; scenes shown of him inside his Manhattan penthouse and of his many homes. [Two WOMEN - react.] [Massachusetts Secretary of State Robert GALVIN- says the question is where is the money.] [Former Madoff employee Nader IBRAHIM- recounts Madoff's travels.]
(New York: Sharyn Alfonsi) The crumbling sales of Girl Scouts cookies as consumers shift their spending featured; scenes shown of a girl going door-to-door. [Young GIRL, BARTENDER - comment.]
(Moscow: Clarissa Ward) The crime wave in Russia due to the bad economy featured; scenes shown of the ultranationalist Slavic Union practicing knife fighting in the forests outside Moscow, a house on fire; details given about worries about resentment against migrant workers, the government crackdown on skinhead groups.
(Hollywood: Robin Roberts) The movie box office boom in the recession featured; many varied film clips shown; box office figures cited. [Two MOVIEGOERS, National Assn. of Theatergoers Patrick CORCORAN- praise the movies as an escape.]
(Studio: George Stephanopoulos) ABC's Oscar coverage announced.
(Studio: George Stephanopoulos) How the children of the slums of Mumbai, India, who had roles in "Slumdog Millionaire" are going to Hollywood for the Academy Awards noted; kids shown.
(Milwaukee: Chris Bury) The high school basketball players basketball from Milwaukee profiled; scenes shown from the gym; details given about the act of sportsmanship that happened in a game after one player came to the gym after the death of his mother, [Milwaukee Madison coach Aaron WOMACK- talks about the rivalry.] [Co-captain Johntell FRANKLIN- talks about his mother's death.] [DeKalb Barbs coach David ROHLMAN, player Darius McNEAL- say no technical fouls were made.] Franklin's letter quoted.