After Five Years in, Where Do We Stand in Iraq?
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After Five Years in, Where Do We Stand in Iraq?

With US troops now on the ground in Iraq for a period longer than World War II, what do we have to show for their efforts? Guest host Lawrence O'Donnell explores whether Iraq has become any more secure and politically stable, and if Americans are losing patience and interest in the war. Also, the Bear Stearns collapse.


Air Force photo by Tech. Sgt. Jeremy T. Lock

Making News

Markets Volatile after Fed Moves ()

In a frantically arranged deal to avoid bankruptcy this weekend, the 85 year-old investment bank Bear Stearns was sold to JP Morgan Chase at a mere $2 a share with the Federal Reserve stepping in to guarantee Bear Stearns enormous trading obligations. Michael Patterson reports on the US stock market for Bloomberg.

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Main Topic

At Five Years in, Where Do We Stand in Iraq? ()

After five years of combat in Iraq, how much progress can the US military report?  Some insist this year's troop surge is working, but are we any closer to political stability and security in Iraq? With polls showing a declining public awareness of what's happening in Iraq, will it be a decisive issue in the presidential election?

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Reporter's Notebook

Should the Fed Intervene to Rescue the Markets? ()

With the venerable investment bank Bear Stearns plunging toward bankruptcy over the weekend, the Federal Reserve took unprecedented emergency action to guarantee its enormous trading obligations as JP Morgan Chase agreed to buy the firm for a mere $2 a share. Jared Bernstein is senior economist at the Economic Policy Institute in Washington, DC. Tom Donlan is editorial page editor at Barron's.

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