Takeouts: Health Care; Hedge Funds; Listeners on Credit Cards

Thursday, October 22, 2009

  • Washington Takeout: The Takeaway's Washington correspondent, Todd Zwillich, reports on health care reform in the House of Representatives as House Speaker Nancy Pelosi looks for the votes she needs for the public option.
  • Business Takeout: WNYC reporter Lisa Chow talks about the latest in the trial of two former Bear Stearns hedge fund managers accused of fraud just ahead of the economy's collapse in 2007.
  • Listener Takeout: Listeners respond to Wednesday's conversation about banks closing credit card accounts without warning.

Guests:

Lisa Chow and Todd Zwillich

Contributors:

David J Fazekas

Comments [1]

David

Lisa Chow's coverage last week of the criminal trial of two former Bear Stearns hedge fund managers was misleading at best. Ms. Chow claimed that this case represents a message being sent by the Obama administration to Wall Street. The indictment in this case was made in 2008 when the Bush administration was still in power. It is highly unusual in our history for the US Justice Department to vacate an indictment issued during a previous administration. This case represents over-reaching by a group of prosecutors in a particular US attorney's office more than anything else.

Oct. 27 2009 12:56 PM

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