American Morning
Foreclosure hits renters
From CNN's Deborah Feyerick
ROOSEVELT, New York (CNN) - When Lisa Brown moved into her rental house on Long Island last summer with her three daughters, she says, it felt like a new beginning.
After living in apartments, the spacious house got her attention immediately. "It was bigger than what I had lived in," she says. Brown was also won over by the neighborhood with its tidy homes and good school district. "I wanted to come here, and I wanted to see my kids graduate from this school district."
But they hardly had a chance. Instead, fighting back tears, she says, "I have to get out."
Ladies first for pink slips?
“When I got that tap on the shoulder I just was flabbergasted. I was amazed.”
Brittany Sharpton recalled the day last November when she was laid off from her job as an infrastructure analyst at Citigroup. When the 23 year old joined the investment firm in 2007 she envisioned rising up through the ranks and becoming a senior manager. Instead, she was handed a pink slip. Even more amazing to Sharpton was that every woman in her group was let go.
“There was just absolutely no discretion, no regard not only with performance but keeping a generation of women in the group.”
Advice for Treasury Secretary Timothy Geithner
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/03/24/geithner.getty.march24.art.jpg caption="Treasury Secretary Timothy Geithner testifies on Capitol Hill today."]
Advice for Treasury Secretary Timothy Geithner: Never let 'em see you sweat.
Especially when you're getting grilled on Capitol Hill. With the AIG bonus debacle still fresh, members of Congress are sure to milk every minute of their allotted time to get a good soundbite for their local news. Depending on how cynical you are, Geithner either faces tough questioning to get to the bottom of the mistakes that led to the AIG bonus payments, or Geithner is simply a player in Congress's political theater. (Geithner knows the drill: he has testified seven times already in this young administration.)
There will no doubt be preening and screaming from some about who knew what and when about those now infamous bonuses.
Churches hit by recession
We've heard about bailouts for banks and homeowners.
But what about churches?
Nobody is talking about such an idea. But churches are also being hit hard by the recession. Houses of worship are having trouble completing projects. And some are even going under.
Gibbs: Plan to move forward
With some lawmakers calling for him to go, Treasury Secretary Timothy Geithner will be back on Capitol Hill this morning asking for even more power to deal with the financial crisis.
Is this something you should be worried about?
It's certain to come up during the President's prime time news conference tonight.
Press Secretary Robert Gibbs joined us live from the White House Briefing Room to discuss the plan.
Grilling Geithner
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/03/24/geithner.getty.art.jpg caption="Treasury Secretary Timothy Geithner is expected back on Capitol Hill today."]
The hottest seat in America may well be the one directly in front of any Congressional committee investigating the failures at AIG and other banks.
The man who has landed in that seat more times recently than anyone else is the President's Treasury Secretary. Seven times Secretary Timothy Geithner has been forced to testify before congressional committees ranging from The Senate Budget Committee to the House Ways and Means panel.
On Tuesday Geithner makes his eighth Congressional appearance. This time it's in front of the House Financial Services Committee.
Congressional committees are supposed to call in witnesses to gather information for legislation or investigate possible incompetence or wrongdoing. But these aren't always the only reasons.
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