Part, i think, because it is so direct and so poetic, and the words carry so much meaning in such a short space. Ifill those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. And the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the nations largest bank admitted today that it misrepresented Mortgage Backed securities that collapsed in the 2008 crash. With that, j. P. Morgan chase agreed to pay 13 billion, the largest settlement ever between a private company and the government. Well hear much more on the details of the settlement right after the
Despite what you hear, an official white house line allow this one year delay to do its thing for us to sort out this mess. Here is the problem with delay, sometimes all they push back is the inevitable. Tonight Health Care Expert tell it unless they can get more people to sign up and fast, you might as well stick a syringe in this right now, david cutler is not saying that in so many words but when the man they call architect of obamacare said this could be in the beginning of a date spiral that tells you a little what you need to know. Top ha harvard professor, Top Health Care advisor joining me now. What did you fear . We need to avoid a situation where unhealthy people are in one pool, and healthy in another, that works parly for poorly for people, one goal of the healthcare reform, to make sure that everyone is in one group like they are with big employers, so when they go to shop there is no issue but what they will be eligible for that is the goal. What the web site problem is d
Despite what you hear, an official white house line allow this one year delay to do its thing for us to sort out this mess. Here is the problem with delay, sometimes all they push back is the inevitable. Tonight Health Care Expert tell it unless they can get more people to sign up and fast, you might as well stick a syringe in this right now, david cutler is not saying that in so many words but when the man they call architect of obamacare said this could be in the beginning of a date spiral that tells you a little what you need to know. Top ha harvard professor, Top Health Care advisor joining me now. What did you fear . We need to avoid a situation where unhealthy people are in one pool, and healthy in another, that works parly for poorly for people, one goal of the healthcare reform, to make sure that everyone is in one group like they are with big employers, so when they go to shop there is no issue but what they will be eligible for that is the goal. What the web site problem is d
Literally changed and canceled every two years. There is a lot of flex and change in this market, and prices continue to go up. At the end of the day heres what were facing. Some two million, three million, or four Million People may find themselves in a more difficult position because the policy they once had doesnt meet the standards which have now been established in law for minimum Health Insurance coverage in america. What are those standards that we say should be in every Health Insurance policy . Number one, you cannot discriminate against people because of a preexisting condition. Is there a person alive in america today, any family that doesnt have someone with a preexisting condition . It can be something as basic as asthma, diabetes, high blood pressure, cholesterol issues, mental illness. These things literally disqualified people from coverage in Health Insurance. Weve changed that law and said you cannot discriminate based on preexisting conditions. Secondly, weve said yo
Months before an election. We were the two point people for the democrats. I didnt act in a sense of partisanship. Two, the president in his first speech to Congress Said he would ask for more money if it was necessary. We had a big debate in the white house we may have needed more money. The market needed to hear that he was willing to go went get more money. The precrisis need for that. He came to the aid of the fed. Bankers are not the Financial System. He was willing to spend Political Capital on the thing that was very unpopular and ask for additional resources. His firstat in address to the United States house of representatives. Brought up as it relates to compensation and bonuses was the first issue when we were first debating. I think you have the cause and effect backwards. Over the money being given to the banks was enormous. A large number of people were losing their homes. Intervening to help people foreclosed upon was a much more Conference Controversial issue than people