Bush Admin Faces Congressional Skeptics on $700B Wall St. Bailout
Both Democratic and Republican members of the Senate Banking Committee lambasted the Bush administration’s proposed $700 billion bailout plan Tuesday. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke repeatedly clashed with almost every senator on the committee, all of whom focused on Wall Street’s culpability for the crisis. Many also brought up executive pay and emphasized the need for oversight of the Treasury. [includes rush transcript]
Naomi Klein: "Now is the Time to Resist Wall Street's Shock Doctrine"
While the collapse of this country’s financial system continues to send shock waves around the world, we speak to the bestselling author of The Shock Doctrine. Naomi Klein says the public should be wary of the Bush administration trying to use the crisis to push through more of the radical pro-corporate policies that helped cause it in the first place.
Following Decades of Renowned Activism, Pioneering Children's Rights Advocate Marian Wright Edelman on "Charting a Course for the Next Generation"
As Congress debate bailing out the wealthiest corporations in America, we speak to a tireless advocate for those on the other end. Marian Wright Edelman has been advocating for children, particularly the poor, for more than 40 years. She is the founder and president of the Children’s Defense Fund, now celebrating its 35th anniversary. The organization works to lift children out of poverty, protect them from abuse, and ensure access to healthcare and education. Edelman served as counsel to Martin Luther King in 1968 and helped organize the Poor People’s Campaign.