This program is 28 minutes long
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(Washington: Diana Olick) The federal takeover of mortgage lenders Freddie Mac and Fannie Mae examined; details given about the ouster of the CEOs with the government entering the mortgage business, about how Fannie/Freddie work and how much money was lost and what may happen to home prices. [Treasury Secretary Henry PAULSON- says it is necessary to take action to stabilize the market.] [CNBC Steve LIESMAN, University of Southern California professor Raphael BOSTIC, Moody's economy.com Mark ZANDI- assess the economic situation.]
(Studio: Lester Holt; Washington: Steve Liesman) The extent of the government conservatorship of the mortgage market and the potential cost to the US taxpayer discussed.
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(Miami: Ron Mott) The preparations in Florida for Ike featured; scenes shown from the Florida keys of people evacuating, damages in the Turks and Caicos Islands and Haiti. [WOMAN, Florida division of emergency management Craig FUGATE, MAN - comment on the situation.] Ike's storm track shown.
(Havana: Mark Potter) The hurricane alert in Cuba featured; scenes shown from Havana.
(Studio: Lester Holt) Report introduced.
(Key West: Jeff Ranieri) The hurricane watch in the keys presented; weather map and the storm's projected path shown.
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(Albuquerque: Kelly O'Donnell) The campaigning by Senator John McCain and Governor Sarah Palin and Senators Barack Obama and Joe Biden featured; scenes shown from a truck stop restaurant in Albuquerque, New Mexico. [Last month, OBAMA - refuses to answer the question of when life begins.] [Today, OBAMA - clarifies his remarks.] [McCAIN - wants the best and the brightest in his government; says Palin has ignited America.] [On "Meet the Press," BIDEN - says Palin will have to answer questions.] [CNBC's John HARWOOD- talks about McCain and Palin and the industrial Midwest.]
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(Baghdad: Tom Aspell) NBC exclusive interview held with Petraeus, who will now take over the central command. [PETRAEUS - says he will not speak about withdrawal numbers now; describes the situation in Baghdad and the passage of laws; comments on the context of Afghanistan.]
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(New York: Anne Thompson) This hurricane season with a procession of dangerous storms examined; details given {with diagrams} of a theory about the storms and about the development along the coastline. [NBC METEOROLOGIST, National Center for Atmospheric Research Kevin TRENBERTH- talk about the storms.] [Center for the Study of Natural Hazards and Disasters Gavin SMITH- says we are impacting natural systems that buffer storms.]
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(New York: Michelle Franzen) The rescue at sea of a father and son, Walter and Chris Marino, in the waters off Ponce Inlet, Florida, featured; Coast Guard photo and the father back on shore shown. [Coast Guard PO Jorel WEBSTER, Sr. Chief Newman CANTRELL- comment on the pair surviving.] [Walter MARINO - speaks briefly.]
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