CBS Evening News - 2008-09-15

Name: CBS Evening News - 2008-09-15
Uploaded: 2023-08-20
Duration: 1740 s
Channel: malgent
Description: Read a transcript preview of “CBS Evening News - 2008-09-15” from malgent, uploaded on 2023-08-20.

Channel: malgent

Uploaded: 2023-08-20

Duration: PT1740S

Read a transcript preview of “CBS Evening News - 2008-09-15” from malgent, uploaded on 2023-08-20.

Transcript preview

Language: English (original, YouTube automatic captions)

[0:00] [Music]

[0:02] tonight the Dow plummet says the

[0:05] financial world is rocked by the fate of

[0:07] two Powerhouse investment firms

[0:09] including the biggest bankruptcy in U.S

[0:11] history what will it all mean to the

[0:13] economy and to you

[0:16] I'm Katie Couric also tonight the

[0:18] financial crisis is suddenly topic a on

[0:21] the campaign Trail

[0:22] John McCain blast greed and Corruption

[0:25] on Wall Street while Barack Obama says

[0:28] Senator McCain would bring more of the

[0:30] same

[0:31] what Ike Left Behind no lights no gas no

[0:35] water and nowhere to go the governor of

[0:37] Texas tells evacuees stay where you are

[0:41] and the LA train crash the engineers fed

[0:44] through a stop signal was he text

[0:46] messaging at the time

[0:49] [Music]

[0:52] this is the CBS Evening News with Katie

[0:56] Couric

[0:58] good evening everyone the subprime

[1:01] mortgage mess has left millions of

[1:03] Americans struggling to stay in their

[1:05] homes and tonight Wall Street is feeling

[1:07] their pain the Dow fell by 4.4 percent

[1:10] today more than 500 points the worst one

[1:13] day point drop since 9 11. it came after

[1:16] Wall Street giant Lehman Brothers filed

[1:18] for chapter 11 protection by far the

[1:20] largest U.S bankruptcy ever Merrill

[1:23] Lynch was meanwhile swallowed up by Bank

[1:25] of America in the biggest buyout of a

[1:27] brokerage house in history and the

[1:29] nation's largest insurance company AIG

[1:31] scrambled for new loans to stay afloat

[1:34] Anthony Mason now looks at a day that

[1:36] left Wall Street reeling

[1:39] [Music]

[1:41] this is going to be one of the Watershed

[1:43] days in financial markets history it was

[1:46] a manic Monday in the financial markets

[1:49] the Dow tumbled more than 500 poin