{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='With financial firms counting billions in losses and foreclosures mounting, the AP\u0026#39;s Mark Hamrick reports the Bush administration is working on a plan to help people hold onto their homes' data-url='/boclips/videos/5c54ba81d8eafeecae11dfbd' data-video-url='/boclips/videos/5c54ba81d8eafeecae11dfbd' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nWith financial firms counting billions in losses and foreclosures mounting, the AP\u0026#39;s Mark Hamrick reports the Bush administration is working on a plan to help people hold onto their homes\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: Amid recession fear, help for homeownersCAPTION: With financial firms counting billions in losses and foreclosures mounting, the AP's Mark Hamrick reports the Bush administration is working on a plan to help people hold onto...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: Amid recession fear, help for homeowners\u003cbr/\u003eCAPTION: With financial firms counting billions in losses and foreclosures mounting, the AP's Mark Hamrick reports the Bush administration is working on a plan to help people hold onto their homes. (Nov. 30)\u003cbr/\u003e[Notes:ANCHOR VOICE]    \u003cbr/\u003e (opens with opening bell)...\u003cbr/\u003eOn Wall Street, triple digit point swings in the Dow industrials average...underscoring wall street's fear of the unknown.\u003cbr/\u003eWhat is known... the number of foreclosures run are about double year ago levels...topping more than 200,000 a month.  \u003cbr/\u003eLending standards have been tightened, further squeezing an already stressed housing market.\u003cbr/\u003eUniversity of Maryland Business Professor Peter Morici says the risk of a further downturn is real.\u003cbr/\u003e(dc. Morici foreclosures\u003cbr/\u003e13:51;52....with the number of ......wholesale crisis.\u003cbr/\u003eFrom coast to coast, once high flying financial giants are awash in losses...with new developments on an almost daily basis.\u003cbr/\u003eIn New York investment house Bear Stearns, battered by the subprime mortgage crisis, recently announcing 650 layoffs.\u003cbr/\u003eIn San Francisco, nearly one and a half billion in expected losses at Wells Fargo and Company from home equity loans.\u003cbr/\u003eThe real estate slump once thought contained is now seen raising the prospect of recession.\u003cbr/\u003eTreasury Secretary Henry Paulson is now working on a plan, months in the making,  to provide aid to homeowners faced with the prospect of rising costs from adjustable rate mortgages.\u003cbr/\u003eThe White House says details are still to come....\u003cbr/\u003e(14:05 white house briefing.....\u003cbr/\u003eIntro...premature....downturn in the economy, I mean housing market....)\u003cbr/\u003estandup/outro...\u003cbr/\u003eIn the meantime, homeowners contend with what the Wells Fargo CEO called the worst housing market since the depression.  \u003cbr/\u003eMH, THE AP, Washington.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator 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