This program is 28 minutes long
(New York Stock Exchange: Trish Regan) The anxiety about the possibility that banks, including Citi, will be nationalized featured; government statement quoted; details given about the coming “stress tests.” [New York Stock Exchange floor governor Steve GRASSO- explains what traders are worried about.] [HBMO Capital Markets Andrew BUSCH- notes the problem with government stepping in.] [Fusion IQ CEO Barry RITHOLTZ- supports nationalization.]
(White House: Savannah Guthrie) President Obama's Fiscal Responsibility Summit aimed at accounting for the unprecedented federal spending reviewed; details given about his promise to cut the deficit. [OBAMA – says we cannot spend as we please and defer the consequences; criticizes the omission of war spending from official budgets.] [American Enterprise Institute Alan WARD- notes the role of the recession in reaching deficit reduction goals.] [In response to Senator John McCain, OBAMA – jokes about the presidential helicopter.]
(Studio: David Faber) The role of the housing crisis in triggering the economic meltdown examined; details given about the acquisition of mortgages by Wall Street bankers, who sold shares to investors, and the introduction of subprime mortgages. [Former Federal Reserve Board chairman Alan GREENSPAN – recalls his concern about the economy after 9/11; predicts this will happen again.] [Former Wall Street banker Michael FRANCIS- comments on the money being made and encouraging lenders to ease loan requirements.] [Former Quick Loan Funding vice president Lou PACIFIC- comments on the inexperience of loan officers.]
(Studio: Brian Williams) Tomorrow’s segment previewed.
(Burbank, California: Chris Jansing) The big night for “Slumdog Millionaire" with 8 Oscars featured; film excerpts shown; scenes shown of some of the other winners. [Producer Christian COLSON- reviews the movie’s modest beginnings.] [Director Danny BOYLE- comments on bringing the child stars from the slums to Hollywood.] [2 child ACTORS – react.] [“Entertainment Weekly” Dave KARGER- says it’s not coincidence that a hopeful movie won this year.]
(New York: Robert Bazell) Research on a single vaccine that would work against many strains of flu and last for years featured. [Dana-Farber Cancer Institute Dr. Wayne MARASCO- comments on identifying an area on the virus that acts as an Achilles heel.] [National Institute of Allergy and Infectious Diseases director Dr. Anthony FAUCI- comments on the antibody research.]
(O’Hare Airport, Chicago: Kevin Tibbles) United Airlines’ efforts to clean planes after flights featured. [General Manager of cabin appearance Paul SANDERS – comments on the buildup of crud.] [PASSENGER – complains about dirty planes.] [United Airlines Malia KINIMAKA- states a plane can be cleaned in 10 minutes.] [Travelocity senior editor Genevieve Shaw BROWN- comments on the effort to turn flying into something enjoyable.]