This program is about 1 hour long
(Studio: Anderson Cooper) A massive rally on Wall Street after the announcement of the bank bill noted.
(Studio: Ali Velshi) How the administration's program works to deal with "toxic assets" in the banks reviewed; details given of the specifics of buying up toxic assets that could raise a trillion dollars for the banks, what it means for taxpayers wanting loans and for the stock market.
(Studio: Anderson Cooper) The response to President Obama's "60 Minutes" interview noted. [OBAMA - jokes about gallows humor about the economy.]
(White House: Dan Lothian) The reaction to the president's ambitious efforts in dealing with the economy examined. [Representative Brad SHERMAN - criticizes the bank plan.] Critical statements from "New York Times" columnists Paul Krugman and Paul Rich quoted. [National Economic Council chairman Larry SUMMERS - responds to Krugman's criticism.] [White House press secretary Robert GIBBS- says the people lament the situation.] [Senator Judd GREGG - comments.]
(Studio: Anderson Cooper) Live discussion held with CNN's Joe Johns and Jessica Yellin and former comptroller general David Walker about the bank plan. [WALKER - wonders if there is adequate protection in the plan with most of the financing by the government.] [YELLIN - comments on the reaction of Democrats and Republicans to the plan.] [JOHNS - comments on what Treasury Secretary Tim Geithner is doing with the toxic assets.]
(Studio: Anderson Cooper) Live discussion continued with CNN's Joe Johns and Jessica Yellin and former comptroller general David Walker about the bank plan. [WALKER - says there is a disconnect between Washington, Wall Street and Main Street; states these bonuses should never have been allowed to be paid.] [YELLIN - says the bank plan from Treasury Secretary Tim Geithner buys Obama some time.] [JOHNS - agrees the bank plan will be a tough sell.] Other material: critical statement from "New York Times" columnist Paul Krugman quoted.
(Washington: Tom Foreman) A new report from Insight: Center for Community Economic Development on wealth and race in America examined; details given about the wealth gap between whites and blacks with examples cited. [Center for Community Economic Development Meizhu LUI- says it is about government policy.]
(Fairfield, Connecticut: Randi Kaye) A tour of the homes of the rich and infamous featured; scenes shown of some of the mansions of AIG executives who got big bonuses and of the presence of a lot of media with the tour. [Member of bus tour Asaad JACKSON- speaks about his community.] [NEIGHBOR - defends an executive.]
(Studio: Anderson Cooper, Michael Ware) This war of sorts in Mexico over profit that has been raging on the US border, how the cartels are well armed, the people's need to feel safe, the drug demand from the US and the federation of the drug cartels discussed.
(Studio: Anderson Cooper) CNN coverage from the border previewed.
(Studio: Randi Kaye) The rise is sales of existing homes; the investigation into the crash of a plane in Montana; the crash of a FedEx cargo plane in Tokyo, Japan; the fall for cyclist Lance Armstrong in a race in Spain and the marriage of comedian David Letterman and Regina Lasko after 23 years reported; Japan plane crash shown.
(No location given: Joe Johns) The timetable of the police shootings by Lavelle Mixon reviewed; scenes shown from the sites of the violence; details recalled of the street unrest following a BART shooting in Oakland. [Witness Billy FELLS- describes what happened.] [Mayor Ron DELLUMS - reacts to these tragic incidents.] [California attorney general Jerry BROWN - talks about the parolee problem.]
(Atlanta: Gary Tuchman) A look at the shadowy world of swindler Bernard Madoff presented; details given about his penchant for the color black and cleanliness. [DailyBeast.com contributor Lucinda FRANKS- describes his messy office and the staffers' high income.]