American Morning
Trump unhappy about resort
We told you about this story on Monday.
Investors put hundreds of thousands into a pricey condo development in Mexico, using the Trump name. The project went bust and the investors say they lost all their money...
Donald Trump joined us with the other side of that story.
See Related:
What’s in a name? A lot when it’s a “Trump” property
Frank: Bonuses not deserved
AIG's Edward Liddy is facing a potential firing squad on Capitol Hill today. The CEO who's been at the helm of AIG for the past 6 months will answer questions about the bonus outrage.
Chairman of the House Financial Services Committee, Barney Frank, joined us live from Capitol Hill.
Grocery cash crunch
If you gone to the store lately and wondered why in this weakening economy the prices for things like cereal or bread haven't gone down..
We've got some answers for you.
Fast Forward
The stories that will be making news later today:
The "Discovery" astronauts about to begin their first full day at the International Space Station. The crew is scheduled for a wake-up call at 8:43 am eastern. They're preparing for their first spacewalk on Thursday.
President Obama travels to Southern California this afternoon. He'll hold a town hall meeting in Santa Ana on his economic recovery plan... Then head to Los Angeles. The President is scheduled to make a guest appearance on "The Tonight Show" with Jay Leno Thursday before returning to Washington.
And in Washington... Vice President Joe Biden hosts a conference of community leaders from across the country. The group will discuss the best ways of spending the stimulus money. There will be a working dinner tonight at 7 o'clock eastern. And, meetings are scheduled throughout the day tomorrow.
What's on Tap – Wednesday March 18th, 2009
We’re continuing along the Road to Rescue this morning... Some of the biggest names and newsmakers in the economic crisis will join us.
- Donald Trump – He's getting sued again. He recently said the economy is the worst he's ever seen. Would he fire AIG execs?
- Senator Charles Grassley – He's the man who said AIG executives should resign or kill themselves. He's now backing off that a bit. Do you agree with him?
- Congressman Barney Frank – Many say he shares a lot of the blame for helping to put hundreds of thousands of people on the street. Today everyone will be watching Capitol Hill, as he faces off with AIG's CEO.
- McDonald's menu guru Karen Wells – The golden arches are only shining brighter during the economic crisis. Should there be more affordable healthy food on the menu?
- We also have Christine Romans and Gerri Willis taking your calls, e-mails and "tweets."
Here's are some of the big stories we're following for you today: FULL POST
Commentary: "We owe you more"
From Jill Schlesinger, Financial Advisor – Special to CNN's American Morning
Editor’s note: Jill Schlesinger, a certified financial planner, is executive vice president and chief investment officer of StrategicPoint Investment Advisors, which is based in Providence, Rhode Island.
I appeared on CNN's "American Morning" at 7:30 am today, ostensibly to provide commentary about the payment by beleaguered insurance giant AIG of $165 million in bonuses for last year. The interview turned into a brawl as the other guest vilified me and all of Wall Street for the AIG bonuses – in his mind, the compensation issue was in fact the root of the whole financial crisis. I did not get the opportunity to talk about what is missing from that analysis.
I came off the set thinking that we owe you more than a divisive, populist shouting match. Analysts, broadcasters and journalists of varied stripes owe you the nuance of the story, not just the headlines. We need to find the space between the poles that divide us so that we can discuss and understand the grey areas of this complicated and important subject – that is where the truly important policy decisions lie and where the impact on our economic future can be found. So here is the grey area surrounding the AIG bonus/Wall Street compensation story that I was not given the chance to articulate this morning.
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