Nightline (ABC) - 2008-10-06
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Read a transcript preview of “Nightline (ABC) - 2008-10-06” from malgent, uploaded on 2026-02-26.
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Language: English (original, YouTube automatic captions)
[0:00] Tonight
[0:05] on Night Line, the reckoning as the Dow
[0:08] plunges again today. We investigate the
[0:11] CEO who collected $484
[0:14] million while his company was driven
[0:17] into the ground. Plus, mud wrestling. Is
[0:20] Barack Obama a liar? Is he pinging
[0:23] around with terrorists? And remember
[0:26] John McCain and the Keing Five savings
[0:28] and loans scandal. The Democrats do
[0:31] those highlights and more after an ugly
[0:33] day in campaign land. And Deep Freeze,
[0:37] the inspirational story of an Alaska
[0:40] high school football team that overcame
[0:43] arctic weather and roaming polar bears
[0:46] to play in the game of a lifetime. From
[0:49] the global resources of ABC News with
[0:52] Terry Moran, Martin Basher, and Cynthia
[0:55] McFaden in New York City. This is Night
[0:58] Line, October 6th, 2008.
[1:02] >> Good evening. I'm Cynthia McFaden. It
[1:03] was another roller coaster Monday on
[1:05] Wall Street. Despite Friday's $700
[1:08] billion rescue plan, the market closed
[1:11] today under 10,000 points for the first
[1:13] time in four years. It was a bad day,
[1:16] but not as bad as it might have been. At
[1:19] one point this afternoon, the Dow was
[1:20] down 800 points. It closed down 370. In
[1:25] Rome, Pope Benedict tried to calm
[1:27] financial jitters, emphasizing the
[1:28] importance of spiritual matters over
[1:30] material wealth. But in Washington, it
[1:33] was vast material wealth that had
[1:35] Congress asking hard questions of
[1:37] Richard Ful, the CEO of Lehman Brothers,
[1:40] when the company collapsed. Chief
[1:42] investigative correspondent Brian Ross
[1:43] reports the FBI is now investigating
[1:46] whether there was criminal wrongdoing on
[1:48] Wall Street. Brian
[1:50] >> Cynthia Fo