Page 19 - March 2008 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The naacp has. for that organization, an organization i've supported through the years to come out and strike out at me without taking the time to look at me, the work i've done, and what i stand for, that really hurt. it hurt. they apologized, they retracted. i can accept that and move on. >> i want to close by asking you to listen to something then candidate for president barack obama said back in march 2008. he was then a candidate for president. he gave a major speech on race in america, and he said this. >> contrary to the claims of some of my drikts black and white, i have never been so ...

In december of that year. march 2008, investment bank bear stearns collapses. treasury secretary paulson hopes to organize the sale of bare stearnes to jpmorgan chase. california mord again lender indymac goes belly up, taken over by the fdic. investors start bailing out of mortgage giants fannie mae and freddie mac. the government takes over fannie mae and freddie mac. the government announces a bailout of insurance giant aig. october 2008, the stock market plumme plummets. falls to the floor. congress passes and president bush signs t.a.r.p., the troubled assets relief program, november. and...

Fox business network's peter barnes is outside of cooper union where the president will be speaking and where lincoln once stood. hey, peter. >> well, hey, brian. you know the president is from the chicago school of politics. and he is coming here to cooper union and to new york to rumble about wall street today. he wants to try to push financial regulation reform across the finish line here as democrats and republicans in the senate try to work out a compromise that can be taken up in the senate next week. now, as you recall, brian, candidate obama came here two years ago and spoke in march 2...

Here, there is significance for the location. why is that, major? >> reporter: first of all, cooper union is a very famous place for presidential speeches. if you go back through, maybe do a quick google search on cooper union, abraham lincoln gave a speech denouncing slavery, many presidents have given famous speeches at cooper union, candidate obama was there in march 2008 and he gave a speech about the need for wall street to change its ways and the potential coming financial crisis, march of 208, long -- 2008, long before the meltdown began, this is regarded by the inner circle as an indic...

Predicted. we didn't match the year's best in early january. the first week of this month saw 462,000 people file for unemployment benefits for the first time. following week that dropped to 457,000 and for the week ending march 20, that figure hit 442,000. if it had hit 420,000 the economists would have concluded employers are hiring again. now in the last two years during the third week in march 2008 we saw 36 ,000 first time jobless claims. by last year at this time that number had nearly doubled to 657,000. this morning as i say we see this figure dropping below 450,000. one bright spot, m...