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NBC has long specialized on his-and-hers White House correspondent teams. Now its duo is Chuck Todd and Savannah Guthrie. Before that there was David Gregory and Campbell Brown. Their predecessors were David Bloom and Claire Shipman. The double team worked effectively on this news day, as Guthrie followed up Todd's report with a substantive story: George Bush's formal application, at the request of President-elect Barack Obama, for Congress to approve the second $350bn tranche to fund the Treasury Department's TARP bailout of the financial industry.
Guthrie reported on Obama's promise that the second spending package would go to "small businesses and community banks and foreclosure relief." The first $350bn "went mostly to big Wall Street banks with little government tracking of how they spent it." On CBS' Follow the Money report, Sharyl Attkisson claimed that it had been the Treasury Department's official policy--"largely under the public radar with only anonymous government officials acknowledging the strategy"--to use TARP to subsidize bank takeovers and buyouts rather than to provide mortgage relief or to free up consumer credit. She played a soundbite from a conference call by BB&T Bank a month before it received $3bn from TARP: "This is a relatively inexpensive way to raise capital for acquisitions."
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