The Fed rescued insurance giant AIG yesterday, but the stock markets took a dive anyway. Today, central banks in America, Europe and Asia promised $180 billion in hopes of calming financial jitters. We find out how the markets reacted. With the financial system on the ropes, Congress still plans to adjourn within the next two weeks without taking action. It turns out that major funders of both John McCain and Barack Obama are firms involved in the current financial crisis. Does McCain's political history undercut his call for more regulation? What about Obama's ties to Wall Street, including the former head of Fannie Mae?
Note: The McCain campaign declined our invitation to participate in today's program.
Dean Barnett, Staff Writer, Weekly Standard
Dan Gerstein, former Communications Director, Senator Joe Lieberman
Bryan Deese, Deputy Economic Policy Director, Barack Obama
David Weidner, MarketWatch and the Wall Street Journal
Massie Ritsch, Communications Director, Center for Responsive Politics