PBS NewsHour - 2008-09-17
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Read a transcript preview of “PBS NewsHour - 2008-09-17” from malgent, uploaded on 2026-02-24.
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Language: English (original, YouTube automatic captions)
[0:09] Good evening. I'm Gwen Eiffel. On the
[0:11] NewsHour tonight, the news of this
[0:13] Wednesday. Then the big AIG bailout. How
[0:17] the government stepped in and why. The
[0:20] candidates react to the unfolding
[0:22] financial crisis. Hurricane Ike, one
[0:25] Texas town's devastating story. and a
[0:29] science unit report about replacing the
[0:31] collapsed Minneapolis Bridge.
[0:35] >> Major funding for the NewsHour with Jim
[0:37] Lara is provided by
[0:41] the world is changing and how we use
[0:44] energy today cannot be how we use it
[0:47] tomorrow. There is no one solution. It's
[0:51] not simply more oil, more renewables, or
[0:53] being more efficient.
[0:55] It's all of it. Our way of life depends
[0:58] on developing all forms of energy and to
[1:02] use less of it. It's time to put our
[1:04] differences aside. Will you be part of
[1:07] the solution? Chevron, human energy,
[1:12] >> Pacific Life,
[1:17] Vestus,
[1:21] the Atlantic Philanthropies,
[1:25] and with the ongoing support of these
[1:27] institutions and foundations.
[1:33] And this program was made possible by
[1:36] the Corporation for Public Broadcasting
[1:39] and by contributions to your PBS station
[1:42] from viewers like you. Thank you.
[1:49] Wall Street and Washington entered
[1:51] uncharted territory today. The Federal
[1:54] Reserve's takeover of insurance giant
[1:56] AIG. It was the Fed's deepest move ever
[1:59] into the private sector in exchange for
[2:01] $85 billion in borrow tax money. The
[2:05] Bush administration initially opposed a
[2:07] bailout, but today White House press
[2:09] secretary Dana Parino defended it.
[2:13] >> Some of these companies were so big that
[2:16] to allow them to fail would have um
[2:19] caused even greater harm and damage t