Schumer: Education Bill Not A Bailout

Sen. Charles Schumer (D-N-Y) said during a press conference Tuesday that Sen.McConnell is wrong to say that legislation aimed at helping states re-hire teachers is a bailout. (0:19)

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Sharpton: It's Time To Bail Out Americans

Civil rights leader Al Sharpton addressed the One Nation rally in Washington, D.C. Saturday.

“We need jobs,” Sharpton said. “We bailed out the banks, we bailed out the insurance companies, now it’s time to bail out the American people.” (0:19)

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Obama Promises An End To Bailouts

At the signing of the Wall Street Reform Bill, President Obama assured the audience that there would be no more bailouts.

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$50 Billion Bailout Fund In Wall Street Bill Represents Hidden Tax On Customers, Says Expert

Sam Zamarripa, a co-founder of the group, "Stop Too Big To Fail," tells Talk Radio News Service that financial reform legislation must put a stop to the notion that some financial institutions are “Too Big to Fail.” Real reform, he says, must not create new bailout mechanisms for big banks. (:47)
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Solution To Wall Street Collapse Is Not More Government, Says House Republican

Rep. Steve Scalise (R-La.) tells Talk Radio News Service on Wednesday that a financial regulatory reform bill being looked at in the Senate includes what he describes as a permanent bailout fund for big banks. (:31)
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Republican Reform Plan Puts The Taxpayers First, Claims Texas Rep.

Rep. Randy Neugebauer (R-Texas) claims that his party's regulatory reform plan is better for the economy and taxpayers since it will provide "no more bailouts." (0:30)
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Liddy: AIG Has Paid "Several Billions" Of Taxpayer Money Already

By Kayleigh Harvey - Talk Radio News Service

Edward Liddy, Chairman and CEO of AIG appeared before the House Oversight and Government Reform Committee today. Congresswoman Marcy Kaptur (D-Ohio) asked, “Have you paid the taxpayers back any of the money they have lent you to date?”

Liddy responded, “Yes.”

Kaptur: “How much?”

Liddy: “Several billion dollars”

Kaptur: “Several Billion?”

Liddy: “Yes”

Kaptur asked for a list of dates, sums to be submitted for the record. Liddy agreed.

Kaptur then questioned Liddy about his connections with Goldman Sachs which revealed that Mr. Liddy has shares to the market value of $3 million from Golden Sachs.
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Maloney: "nothing would have happened?"

Coffee Brown, University of New Mexico, Talk Radio News

Rep. Carolyn Maloney (D-N.Y.) asks whether bailout was necessary, or preferable to bankruptcy.

Maurice R. Greenberg, fprmer Chairman and CEO of American International Group doesn't think so.

02:35
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Obama calls for new financial regulating body

By Michael Ruhl, University of New Mexico - Talk Radio News Service

President Barack Obama said that his administration is working on establishing a new regulatory framework to prevent future situations such as the one the government faces with AIG. Obama said these would be part of his broader economic plan, and would serve as tools to help maintain balance. The new body would be similar to the FDIC, and would protect consumers, investors, and depositors. (01:47)
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Treasury Department defends funding healthy banks

Neel Kashkari, the Interim Assistant Secretary of the Treasury for Financial Stability, defends the Treasury Department's decision to fund healthy banks, comparing it to an individual who receives a stimulus check being more likely to spend it if they are in a healthy financial condition. Karshaki goes on to say that this decision is imperative to bringing confidence back to the credit market (0:27).
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Pelosi: We cannot show them the money

During a press conference on a bailout for the auto industry held by the Democratic leadership of the House and Senate, Speaker Nancy Pelosi (D-Calif.) said, "Until we see a plan where the auto industry is held accountable and a plan for viability on how they go into the future...we cannot show them the money." (0:19)
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Dodd blames CEOs for auto industry's failures

Christ Dodd (D-Conn.), Chairman of the Committee on Banking, Housing, and Urban Affairs, describes the recent financial problems facing the auto industry as self-inflicted wounds (0:17).
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Barney Frank: Bias against blue-collar aid?

In a hearing on a bailout for the auto industry before the House Financial Services Committee, Chairman Barney Frank (D-Mass.) points out a distinction between reaction to proposed aid for white-collar jobs and proposed aid for blue-collar jobs. When the AIG and financial-industry bailouts were being debated, there was no discussion of the salaries for the employees, yet in the current debate there has been significant discussion of salaries of auto workers. Frank says people seem to be more willing to accept aid to the white-collar industry than to the blue-collar industry. (0:43)
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U.S. needs leadership in economic crisis

Former U.S. Comptroller General Under Presidents Bill Clinton and George W. Bush says that leadership would help get over this economic crisis, and he's not impressed with the current presidential candidates. (0:49)
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Retirement plans go down with ship

Rep. George Miller (D-Calif.) gives statistics as to how much the current retirement plans have lost in our current economy. (0:49)
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Lehman Brothers CEO says compensation system worked

Chairman and CEO of Lehman Brothers Richard Fuld Jr. explains how he was compensated. He also says he lost more money than anyone else when the company went bankrupt. (0:41)
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The last week at Lehman Brothers

Rep. Betty McCollum (D-Minn.) questions Chairman and CEO of Lehman Brothers Richard Fuld Jr. about the final week at Lehman Brothers. Fuld says business was good up until the end. (1:33)
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Lehman Brothers dug its own grave?

Nell Minow of the Corporate Library explain how Lehman Brothers CEO Richard Fuld, Jr. chose his board with the incentive of creating a false sense of business value, eventually leading to Lehman Brothers' downfall. (00:34).
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Wall Street or a casino?

Congressman Jim Cooper (D - TN) compares Lehman Brothers' investment risks to gambling. Dr. Luigi Zingales of the University of Chicago explains the consequences of the bailout down the line. (01:00)
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Labor rates in September

Bureau of Labor Statistics Commissioner Keith Hall explains the unemployment rates in September, as well as the rates for specific groups. (0:49)
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