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one town being described as an island. we ll talk with the mayor of duluth straight ahead. sandusky bombshell. an adopted son of the penn state coach claims he too was molested by his father, and he s offering to testify. will new charges be filed? we re live at the courthouse. plus oh, my god. you re so fat. karen, you re fat. southwest airlines reached out to us today. they d like to send you and nine people to disneyland in california. you ve got to be kidding me. the bullies who taunted and teased karen klein humbled today after the jokers fess up and say we re sorry. karen is stunned by all the support. happy friday. newsroom begins right now. good morning to you. i m carol costello. we begin this morning with your money. less than 30 minutes from now, wall street tries to rebound from a double whammy. one of its worst days in months. major american banks slammed by ratings agency moody s. bank of america, goldman sachs, jp morgan chase, morgan st ....
we want more ben and we want him now. but tonight, the truth. there s not enough ben for america. more ben is bad. i m talking, of course, about this ben, fed chair ben bernanke. today he announced he ll continue so-called operation twist. the goal is to bring down interest rates. theoretically that would spark borrowing, spending and hiring. it would be a panacea to fix the whole problem. but even ben admits his supply of money is drying up. monetary policy is not a panacea, it s not going to solve our economic problems. the fed fed s drugs didn t come cheap either. there have been three rounds of fed stimulus with a total price tag of $2.7 trillion. and that doesn t include the $267 billion extension to operation twist that was announced today. so the question is, were the highs we got worth the price of $2.7 trillion? check this out. when the financial crisis hit, the fed stepped in with an unprecedented plan to lower interest rates. it was called q.e. 1 or quant ....
states where it is not legal or not. we begin this hour with a free speech decision from the highest court in the land. unanimous decision that could make prime time television even less family friendly than it is now. our justice correspondent joe johns joining me now with a pretty i guess you could say eye opening details. let s talk about what is at issue here. and how this is a coup for broadcasters. that s true. but i caution that we probably shouldn t go too far in calling this a sweeping ruling. this is an ball what goes on broadcast tv and how much power the federal communication commission has to regulate it after the fact that dhoept have a rule in place to handle the situation. we are talking about three incidents here, two concerned, isolated utterances of obscene words during two live broadcast aired by fox television stations, the third occurrence occurred during an episode of a television program broadcast by the abc television network. this goes ta ....
we want more ben and we want him now. but tonight, the truth. there s not enough ben for america. more ben is bad. i m talking, of course, about this ben, fed chair ben bernanke. today he announced he ll continue so-called operation twist. the goal is to bring down interest rates. theoretically that would spark borrowing, spending and hiring. it would be a panacea to fix the whole problem. but even ben admits his supply of money is drying up. monetary policy is not a panacea, it s not going to solve our economic problems. the fed fed s drugs didn t come cheap either. there have been three rounds of fed stimulus with a total price tag of $2.7 trillion. and that doesn t include the $267 billion extension to operation twist that was announced today. so the question is, were the highs we got worth the price of $2.7 trillion? check this out. when the financial crisis hit, the fed stepped in with an unprecedented plan to lower interest rates. it was called q.e. 1 or quant ....
and may have big-footed congress. kate bolduan is on the case. we heard it moments ago. the white house asserting executive privilege. reporter: it is the latest twist in this ongoing battle that is coming to his leading up to this showdown vote, this contempt vote, that the republican chairman of the house oversight committee, congressman darrell issa, has been threatening. he says he had a subpoena for documents relating you of the department of justice relating to this botched gun-running operation known as fast and furious. he wants these documents and the department of justice there has been a lot of back and forth, how they will get the documents if they could give over the documents, put all those details aside and the background. today what we are watching right here, you are see thing video of the live hearing going on right now. it is the chairman is moving forward with this vote to hold the attorney general in contempt of congress on this would be v ....