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To the Point

Bolstering Confidence in America's Finances

Hosted by Warren Olney Jul. 14, 2008 National
Last week Freddie Mac and Fannie Mae lost almost half their stock value—a real blow to the two companies that hold almost half all US mortgages. Bankers, federal officials and members of Congress spent a busy weekend on a bailout that could mean billions in taxpayer money. Also, the President got what he wanted from the Democrats who run Congress including Barack Obama, who promised a filibuster but then voted "yes."

Last week Freddie Mac and Fannie Mae lost almost half their stock value—a real blow to the two companies that hold almost half all US mortgages. Bankers, federal officials and members of Congress spent a busy weekend on a bailout that could mean billions in taxpayer money. Also, the President got what he wanted from the Democrats who run Congress including Barack Obama, who promised a filibuster but then voted "yes."

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Bush Lifts Father's Ban on Offshore Oil Drilling

In 1990, President George H.W. Bush signed an executive order banning further drilling for oil off-shore. Today, President George W. Bush lifted the ban . Stephen Power...

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Credits

Host:

Warren Olney

Producers:

Sonya Geis, Karen Radziner

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