Which Way, L.A.?
Supreme Court Hears Debate on Prop 8
The world’s biggest insurance company is getting history’s biggest bailout. But where are billions of taxpayer dollars going?
Chief Justice Ron George said today the state constitution is different from what it was when he wrote last year’s opinion legalizing same-sex marriage. Will Prop 8 stand? What about marriages performed before the November election? On our rebroadcast of today’s To the Point, American International Group, the world’s largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised $30 billion more, but today the Senate Finance Committee threatened not to go along unless it finds out where that federal money is going.
Banner image: People rally in front of the California Supreme Court Building after arguments were heard for and against Proposition 8. Photo: David Paul Morris/Getty Images
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3 storiesCould AIG Wreck the Global Economy?
American International Group, the world’s largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised AIG $30 billion more. Today an angry Senate Finance Committee threatened not to go along, unless it finds out where that federal money is…
Read the story26 minSupreme Court Hears Debate on Prop 8
Last May, the State Supreme Court declared that same-sex marriage was legal in California. Today, that same court heard arguments for and against Proposition 8 , which passed last November, and amended the state constitution to say that only marriage between a man and a woman is legal or recognized in California.
Read the story20 minEx-KB Home CEO Indicted
A Los Angeles Federal grand jury has indicted the former CEO and Chairman of KB Home, Bruce Karatz of Bel Air Estates. He faces 20 criminal charges of mail, wire and securities fraud, making false statements to the Securities and Exchange Commission and lying to the accountants for KB Home. Gabe Friedman is a staff writer for the Los…
Read the story6 min