Levin: Banks Not Loaning Due To Drop In Value Of Borrowers' Collateral

Sen. Carl Levin (D-Mich.) says that banks may not be loaning out of lack of capital, but adds that another reason is due to a decline in the borrower's collateral. (0:37)
Listen

Levin: Credit For Small Business Must Be Restored

Senator Carl Levin (D-Mich.) talks about a small business owner in his state who was making money, but had his line of credit cut. Levin says this happened because banks do not have sufficient capital. (0:37)
Listen

Bernanke Gives Banks Go-Ahead To Loan

Federal Reserve Chairman Ben Bernanke says it is acceptable for banks to be loaning to individuals with good credit. (0:27)
Listen

Ann Coulter: President Obama is "a real Democrat when it comes to socialism"

Talk Radio News Service, Victoria Jones, interviews Ann Coulter at the 2009 Conservative Political Action Conference in Washington, D.C. Coulter talks about President Obama's new Iraq war strategy saying that President Obama "seems to be following Bush policy on terrorism." Coulter also talks about how the government has to do something with the banks and that forcing banks to give loans not based on normal business practices is what's putting the economy in a financial crisis. (04:45)
Listen

Secretary Spellings Addresses Chairman George Miller (D-CA) On Student Loans

Secretary of the Department of Education, Margaret Spellings, addresses Rep. George Miller (D-CA) at House Education and Labor Committee hearing on ensuring the availability of federal student loans. (0:37)
Listen

If We Paid Congress the Way We Pay CEO's, We Would Have More Legislation, Not Better

The House Oversight and Government Reform Committee held a hearing on “Executive Compensation II: Mortgage CEO Severance Packages,” focusing on CEOs involved in the ongoing subprime mortgage crisis.

Nell Minow, editor of The Corporate Library, says that the pay packages given to executives contributed directly to the economic crisis because they created incentives to produce more business rather than better. (0:45)
Listen