ENGLEWOOD CLIFFS, N.J. – September 8, 2008 - The government bailed-out Fannie Mae and Freddie Mac this week, but what does that mean for us and has the damage already been done? What does this mean for homeowners and potential homeowners now and in the future?
Tonight, Monday, September 8th at 8PM ET, CNBC presents a special edition of "On the Money," hosted by Carmen Wong Ulrich entitled "On the Money: Keeping the Roof Over Your Head." The program will help viewers understand the impact of the recent Fannie/Freddie announcement and review the importance of equity. Real estate expert Barbara Corcoran and national credit expert John Ulzheimer will join Carmen Wong Ulrich to provide our viewers with actionable information to help them protect their hard-earned American dollars.
"On the Money," a new one-hour personal finance program hosted by CNBC's Carmen Wong Ulrich, provides personalized actionable information that will give you the ammunition you need to power through these volatile times. "On the Money" explores your personal finance options, guide you through information and choices and encourage you to make the best decisions for your life.
The ability to manage your personal finances determines what kind of life you're able to lead. "On the Money" equips viewers with the information and motivation that can be the difference between scrambling to pay your bills and saving for a comfortable future. Carmen Wong Ulrich believes if you take control of your money, you take control of your life!
CNBC's "On the Money" airs weeknights at 8PM ET on CNBC.
For more information about CNBC's "On the Money: Keeping the Roof Over Your Head" and Carmen Wong Ulrich's "On the Money" blog, go to: onthemoney.cnbc.com. You can also email questions to Carmen@cnbc.com.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.