Nightline (ABC) - 2008-09-17
Channel: malgent
Uploaded:
Duration: PT2107S
Read a transcript preview of “Nightline (ABC) - 2008-09-17” from malgent, uploaded on 2026-02-24.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:00] K2's High School Blitz. Fridays after K2
[0:02] News at 11.
[0:10] Tonight on Night Line, panic button.
[0:13] Bailouts, takeovers, mergers. Another
[0:15] chaotic and historic day for an American
[0:18] economy in crisis. We're live with the
[0:21] latest as the market nose dives. Dollars
[0:24] and cents. Mad Money host Jim Kramer
[0:27] breaks down what you and your family
[0:29] need to do next.
[0:30] >> But let me give you the best advice I
[0:31] have. Stay diversified. It matters a
[0:33] whole lot more than people think.
[0:34] >> And nature's lawnmowers. No complaining,
[0:38] no sick days, and their shift is one
[0:40] long lunch break. Meet the animal
[0:43] employees Los Angeles hired to clean up
[0:46] by chowing down. From the global
[0:49] resources of ABC News with Terry Moran,
[0:52] Martin Gasher, and Cynthia McFaden in
[0:55] New York City. This is Night Line,
[0:58] September 17th, 2008.
[1:02] >> Good evening. Day three of the financial
[1:04] crisis on Wall Street. And despite
[1:07] massive government invention
[1:08] intervention yesterday, things are no
[1:10] better. We learned this evening that
[1:12] Morgan Stanley, one of the last two
[1:14] independent investment banks still
[1:16] standing, is reportedly in merger talks
[1:19] with commercial bank Wakovia. The crisis
[1:22] continues. One economist has said that
[1:24] the markets are in the midst of raw
[1:26] panic. Vicky Mabberry has been following
[1:28] developments for us today and she joins
[1:30] us now. Good evening, Vicki.
[1:32] >> Good evening, Martin. The federal
[1:33] government's intervention into the
[1:35] markets today was meant to shore up
[1:37] investor confidence, but instead it
[1:40] brought the bears out on Wall Street,
[1:42] leading to a sustained