More Bailouts: Help For Homeowners and Automakers

NBC ID: ARA3QQ57FF | Production Unit: Today Show | Media Type: Aired Show | Media ID: NY-TDY-20081112-0001 | Air Date(s): 11/12/2008 | Event Date(s): 11/12/2008

Transcript

Event Date(s): 11/12/2008 | Event Location(s): New York City, New York;Washington, DC; | Description: In an effort to prevent hundreds of thousands of additional foreclosures, Fannie Mae and Freddie Mac are planning to restructure loans for homeowners in need. House Speaker Nancy Pelosi said she will present a plan to boost the big three automakers to help keep them in business. CNBC's Trish Regan reports live on-camera from the New York Stock Exchange (NYSE) in New York City, New York. EJ 07:03:40 (1:40) EXT DAY (Black& White) MS: Foreclosure realty sign. MS: Leander foreclosure home auction realty sign. MS: Bank owned realty sign. MS: Foreclosure realty sign seen before a house. GFX: Logos of mortgage lenders, Fannie Mae and Freddie Mac. INT WASHINGTON, DC MS: Federal Housing Finance Agency Director James Lockhart takes the podium at a press conference. MS: Lockhart says,"THIS STREAMLINED PROGRAM IS MEANT TO REACH AS MANY OF THESE BORROWERS AS POSSIBLE TO GIVE THEM A CHANCE TO STAY IN THEIR HOMES AND BEGIN REPAIRING THEIR CREDIT RATINGS." GFX: Animation of mortgage bills in a mailbox before a home, indicating borrowers must be three months behind on mortgage payments, owe 90% or more than the home is currently worth to qualify for modified mortgages from Fannie Mae and Freddie Mac. GFX: Photo of a house. GFX: Fannie Mae and Freddie Mac logos. GFX: Photo of a house. GFX: Super"Reduce Interest Rate." GFX: Photo of a house. GFX: Super"Loans Could Extend From 30-40 Years." GFX: Photo of a house. GFX: Super"Loans Could Extend From 30-40 Years." GFX: Photo of houses. GFX: Super"Principle Could Be Postponed Interest Free." INT WASHINGTON, DC MS: In the press conference, Assistant Treasury Secretary Neel Kashkari says,"THIS NEW PROTOCOL WILL NOW BE A STANDARD FOR THE INDUSTRY." EXT DAY MS: Low angle shot of realty sign advertising a reduced price. CU:"Must see inside reduced price" sign. MS: Rolling shot of homes. EXT DAY WS: Fannie Mae sign and office building. MS: Freddie Mac sign. SUPERIMPOSITION: Layer shots of the Capitol Building in Washington, DC and of sheets of money moving on a conveyer. INT NEW YORK CITY IN THE NYSE WS: Traders work on the exchange floor. INT WASHINGTON, DC MS: In interview, Democratic Michigan Representative Sander Levin says,"We can't let domestic Auto Industry sink, because part of our economy would sink with it." EXT DAY WS: General Motors office building. AERIAL: General Motors building. WS: Tilt down the General Motors building as an elevated train passes by. INT WASHINGTON, DC MS: Democratic House Speaker Nancy Pelosi speaks in a meeting (no audio). INT WS: Overhead shot of robot arms spot welding cars on an assembly line. MS: Workers work on cars on the assembly line. INT MS: In interview, Gordian Group President Peter Kaufman says,"The problems have to be fixed you cant just write a tax payer check and have GM business as usual, same crushing amount of debt same biz plan, same management team." Regan reports and closes live on-camera (no sign off).

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NBC News Archives
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1275035522
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NBC News Archives Offline
Data de transmissão:
12 de novembro de 2008
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ARA3QQ57FF