This program is 29 minutes long
(White House: Chip Reid) President Obama's program to deal with toxic assets in the banking system examined; details given about a public-private investment program to buy the assets along with low interest loans to investors so that banks will start lending and about the recent criticism of Treasury Secretary Tim Geithner. [OBAMA - says there is still fragility in the financial system.] [On "60 Minutes," OBAMA - backs Geithner.] The concerns of Wall Street firms and banks about this financial plan discussed.
(Studio: Katie Couric) The announcement by New York attorney general Andrew Cuomo about recouping bonus money from AIG executives reported.
(Studio: Katie Couric) Earlier interview held with Charles Schwab's Liz Ann Saunders about the market surge in response to the bank rescue plan. [SAUNDERS - says the market reacted to the concrete nature of the bank plan; speculates about this stock market rally, about whether the worst is over in the economy and whether the toxic asset relief plan will work.]
(Studio: Katie Couric) The economic rescue plans since last fall reviewed; statistics on the taxpayer bill cited. What It Means‡ segment introduced.
(Washington: Wyatt Andrews) What the toxic assets mortgage deal means reviewed; mortgage statistics cited; details given about what it means for the bank, the normal consumer and taxpayers. [BlackRock Curtis ARLEDGE‡, Securities Ind. and Financial Markets Assn. Tim RYAN†- assess the bank plan.] [Home buyers Suzers and George SACHS%- wonder about the value of a home.]
(Butte, Montana: Hattie Kauffman) The crash of a small plane in Butte, Montana, featured; animation of the flight and the plane, photos of the passengers and site of the impact shown. [NTSB acting chairman Mark ROSENKER- describes what happened to the plane at impact; outlines what needs to be investigated about the weight aboard the plane.] [Witness Kenny GULICK- recounts what the plane was doing.] [Father of crash victim Lewis PULLEN, Montana Governor Brian SCHWEITZER- talk about this tragedy.]
(Palm Springs, California: Ben Tracy) The promotion of spring break in Palm Springs, California, featured; scenes shown of the revelers; details given about the 1980s riots, the following quiet in the city and how drug violence in Mexico is moving the students here. [Several spring BREAKERS - comment.] [Former police chief Lee WEIGEL‡- comments on the past.] [Palm Springs bureau of tourism director Mary Jo GINTHER†, Holiday Inn Tom VAN WINKLE†- say we invited them to come.]
(Peoria, Illinois: Dean Reynolds) The outrage in Peoria, Illinois, over the executive bonuses at AIG insurance featured; poll statistics cited. [Local banker Mike STAHL, laid-off Caterpillar workers Mike HAMILTON, GUY, bakery store owner Mary ARDAPPLE- offer views on AIG and bailouts.]
(Phoenix: Mark Strassmann) Creative approaches taken by home sellers featured; scenes shown of two homes to be raffled off. [Seller Heather GREY - explains her reasons for raffle.] [In Denver, raffle ticket buyer Karen McHALE - reacts.]