the president make clear his support is for civil marriage for same-sex couples and he s fully committed to protecting the ability of religious institutions to make their own decisions about their own sacraments. there will be those who seek to use the issue to divide our community as a people, we cannot afford such division. end quote. so the gay marriage debate is heating up across the country since president obama changed his position. wednesday, athena jones joins us with the latest public reaction to the president s decision. what more are you hearing there from that farmer s market? that s right. we have been here all day talking to all kinds of people, more than a dozen people about their opinions on this issue. before i get to that, i want to mention the latest national polling. gallup released a pole late yesterday, the first national pole done since the president made his remarks. that poll showed 51% approve of the president s decision. 45% disapprove. one of the
you have the vest on there to make sure that everyone can see you and make sure that they know that you re not part of the construction project. but you can tell us all about it. kareen? reporter: yeah, i can t believe you noticed this very, very conservative vest. well, fred, i have to tell you, as someone who lives here in southern california, i take the 405 all the time. this is definitely, definitely eerie to see. no cars on the roadway. this is something that is so unprecedented, it would never, ever happen of course, the world isn t coming to an end. it s just a big project, a $1 billion project that wraps up hopefully if things go as scheduled monday morning. right now, what you re looking at are construction crews hard at work behind me. they re demolishing a portion of this bridge. when i say busy, this artery is busy, 500,000 cars pass through it each day. millions hit this freeway each week. it s a big deal. so far we ve gotten a really interesting update i ll
has done. spot on. and the fed is the one that it oh my goodness, richard and i agree. i ll have to ali. the fact i m having a hot flash that the green light is going on here. it s not pleasant. the real heinous nature was the sheer number of institutions that shoveled so much garbage the fed s way so frequently. and the fed had to eat it all because of the rules of the various procedures that were put in place. fair to mention though, all the loans were paid back from the bank. this was short-term lending. and collateralized too. collateralized sometimes with stuff that necessarily you wouldn t want to have to rely on in the final analysis. it was all paid back, paid back with interest. the central back is the lender of last resort. it played its traditional role. if if you re going to have globalized market, you can t say that only certain people can get the benefit. thank you so much you, richard quest and christine romans.
the whole system down. all right. if richard doesn t want me to be xenophobic, let me be industriphobic. what about the nonfinancial sector companies, harley-davidson, mcdonald s? what was that all about? when lehman went down, even before that, you had the overnight lending operations for day to day lending for some of the companies so they could make their payroll and do their be business. it dried up. you had other market participants that stepped up and the fed that made sure that the oxygen was flowing to these companies. i think what this shows is that the fed was the central bank to the world, to the world business and multinationals. this is what globalization of financial services and industry
to barclays capital and deutcha bank. no small change there. richard, why would the federal reserve be loaning money to non-u.s. banks? how would that help the u.s. economy? ali, stop trying to stir a pot of trouble. the truth is the money was lent to people like barclays and ubs that have large had-scale operations in the united states that are intimately involved in u.s. capital markets both as primary dealers and secondary dealers. they are huge market participants. you cannot have a situation where you say only those banks that are true blue american banks get the cash if next door there s a bank that could take