I'm watching "On the Record" and Newt Gingrich is the guest. They're talking about when the government bailed out AIG, the troubled insurance company. The only private sector person in the room was the current chairman of Goldman Sachs. Henry Paulson, the Treasury Secretary, is the former chairman of Goldman Sachs. Goldman Sachs has about a 20 million dollar investment in AIG. No other investors were brought into the discussions.This "bail out" conversation gets more interesting by the minute.
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Congress rejected the hastily prepared bail-out bill and the market lost nearly 7 percent of its value. Many people believe that the runaway sub-prime housing bubble has caused the current crisis. Behind that would be those two siblings, Fannie and Freddie. And to whom has Freddie and Fannie given loads of money to in Congress?Find out.
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This just in from Vermont:VERMONT -- People for the Ethical Treatment of Animals sent a letter to Ben Cohen and Jerry Greenfield, cofounders of Ben & Jerry's Homemade Inc., urging them to replace cow's milk they use in their ice cream products with human breast milk, according to a statement recently released by a PETA spokeswoman.Here's the actual letter from PETA to Ben and Jerry's:September 23, 2008Ben Cohen and Jerry Greenfield, CofoundersBen & Jerry's Homemade Inc.Dear Mr. Cohen and Mr. Greenfield,On behalf of PETA and our more than 2 million members and supporters, I'd like to bring your attention to an innovative new idea from Switzerland that would bring a unique twist to Ben and Jerry's.Storchen restaurant is set to unveil a menu that includes soups, stews, and sauces made with at least 75 percent breast milk procured from human donors who are paid in exchange for their milk. If…
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All of our San Diego friends are invited to the following LifePoint events. Please note: a few of these actually involve something called "exercise."LifePoint Bike Ride around Coronado.Volunteering at the San Diego Food BankFor more details, visit the LifePoint Church website.
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Katie Couric was interviewing Joe Biden about the recent financial upheavals and this is what he had to say:“When the stock market crashed, Franklin Roosevelt got on the television and didn’t just talk about the princes of greed. He said, ‘look, here’s what happened.’”A few quick observations:Franklin Roosevelt wasn't the President when the stock market crashed in 1929 -- Herbert Hoover was. FDR wasn't elected until 1932.Even if FDR had been President in 1929, he couldn't have gone on television and said anything about the stock market crash. NBC didn't begin regular broadcasts until 1939.And what did Katie Couric say to such an obviously wrong statement? Nothing.See the video.
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