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Both NBC and ABC introduced financial insiders to contradict the idea that the $700bn bill represented a bailout for Wall Street. ABC anchor Charles Gibson interviewed Robert Altman, a senior Treasury Department official in Bill Clinton's administration. He expected Congress to change its mind because of "the absolute freezing up of the credit markets, which for all practical purposes are not functioning at all right now." Gibson also brought in longtime cohort from Good Morning America, Mellody Hobson (embargoed link), ABC News' financial advisor, to assert that "it is virtually impossible to get a loan in this country, which is a huge problem." On NBC, anchor Brian Williams talked to CNBC's Maria Bartiromo (in the middle of the Liesman videostream). She was on the same page: "This is not a Wall Street vs Main Street issue. This is about the availability of credit."
Then ABC's Gibson brought out the big guns. He had Robert Krulwich narrate an animated cartoon explainer to illustrate the economic stagnation that occurs when a credit crunch slows the velocity of money.
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