Nightline (ABC) - 2008-09-15
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Read a transcript preview of “Nightline (ABC) - 2008-09-15” from malgent, uploaded on 2026-02-24.
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Language: English (original, YouTube automatic captions)
[0:00] Tonight
[0:05] on Night Line, meltdown. A historic day
[0:08] of financial crisis as a giant bank
[0:10] crumbles, stocks plummet, and everyone
[0:12] wonders what's coming next. Melody
[0:15] Hopson joins us to explain just what the
[0:17] economic mess means for you. Reduced to
[0:20] rubble, see from the air the grim extent
[0:23] of Hurricane Ike's wrath. And Ryan Owens
[0:26] ventures by boat into a town that has
[0:28] ceased to exist. And weathering the
[0:31] storm. No electricity, no water, no
[0:34] food. We take a tour inside Camp Shell
[0:37] as angry homeowners wait to go home. But
[0:40] will there be a home to find? From the
[0:43] global resources of ABC News with Terry
[0:46] Moran, Martin Basher, and Cynthia
[0:48] Mcbaden in New York City. This is Night
[0:52] Line, September 15th, 2008.
[0:56] >> Good evening everyone. I'm Terry Moran.
[0:58] Call it Nightmare on Wall Street. The
[1:01] meltdown in the financial markets. This
[1:03] is a real crisis in the American economy
[1:06] and nobody knows right now how bad it's
[1:08] going to get. The stock markets today
[1:10] suffered their worst losses since the
[1:12] days after the 9/11 attacks in 2001. The
[1:15] Dow down more than 500 points. The S&P
[1:18] 500 closing at its lowest level this
[1:20] year and financial stocks hammered
[1:22] across the board. The president and
[1:24] other top officials are scrambling to
[1:27] reassure the country that the system is
[1:30] sound. But all over the world tonight,
[1:32] investors are in a near panic. So what
[1:35] is happening and what does it mean for
[1:38] you? Let's take a close look at how we
[1:41] got here after one of the most dramatic
[1:43] weekends in Wall Street's history.
[1:47] There was blood on the floor at t