This program is 29 minutes long
(Studio: Anthony Mason) President Obama's position that credit card companies must change their practices featured; details given about industry interest rates. [OBAMA - says these interest rate practices have to end; states we want clarity.] [User Esther Williams YARBROUGH- complains about her rates.] [Historian Charles GEISST- says the banks are unregulated.] ["Credit Card Nation" author Robert MANNING- says raising rates starts a downward spiral.] The four major reforms the president wants from the banks discussed.
(Washington: Sharyl Attkisson) New information about how the merger of Bank of America & Merrill Lynch was forced by the government examined; details given about the dealings behind the scenes about Merrill Lynch's finances that threatened the merger & what Treasury Secretary Henry Paulson & Federal Reserve Board chairman Ben Bernanke did while stockholders were kept in the dark. [September 15, 2008, Bank of America CEO Ken LEWIS- comments.] [Bank of America shareholder Jerry FINGER- reacts.]
(Evanston & Chicago: Dean Reynolds) GM's decision to close 13 assembly plants for the summer featured; map shown; details given about the impact on auto parts suppliers. [GM employee Linda SHIVELY, Morningstar analyst David WHISTON; in Evanston, Illinois, lubricant company Jeff JEFFRIES; stamping plant GUY - comment on the business.]
(Conway, South Carolina: Mark Strassmann) The fast-moving fire near the tourist area of Myrtle Beach, South Carolina, featured; scenes shown of the smoke, flames in residential areas, evacuating people, burned-out homes & the highway. [FIREMAN, two RESIDENTS, South Carolina state forester Gene KODAMA- comment.]
(Chesterfield, New Jersey: Seth Doane) The increase in multigenerational households due to the state of the economy featured; scenes shown from New Jersey; details given about housing construction options for such families. [Laid-off grandmother Christy FOGARTY, Lynette & Dave YOUNG- talk about their family situation.] Poll from grandparents.com on the economic challenges cited. [Grandparents.com Amy GOYER- says it's too expensive to live on your own.]
(Studio: Katie Couric) Tomorrow's segment on retirement noted.
(Austin & Elgin, Texas: Don Teague) The story of 9-year-old Rowan Isaacson, who was diagnosed with autism, presented; scenes shown of the boy's earlier behavior & from their ranch in Elgin, Texas; details given about the boy's love of horses, the family's quest to Mongolia & a bizarre healing ritual. [Parents Rupert & Kristin ISAACSON- talk about their son & his reaction to the horse.] The growth of therapeutic riding programs for the autistic noted. [Equest Therapeutic Riding Center Amy CAUSEY- talks about the kids & the horses.]