In this edition of FactCheck Extras, we look at the history of derivatives, President Obama’s use of a teleprompter, and an old piece of bunk that won’t go away. Deriving Derivatives The liberal group Americans United for Change has released an ad that blames Wall Street for high unemployment. The ad says that "a few years ago, Wall Street created something called derivatives" that were used to build "a house of cards that finally came tumbling down" and "cost... Click to Read the Full Post
The Democratic Congressional Campaign Committee has unleashed a radio ad campaign targeting five Republican members of Congress. The ads claim that the Republicans "voted to allow the big banks to pay high-rolling executives unchecked compensation and bonuses." But that’s not quite right. The ads are not based on any explicit vote for "unchecked compensation and bonuses." Rather, the Democrats are referring to Republican votes against H.R. 4173, the Wall Street... Click to Read the Full Post
Q: Did Nancy Pelosi get wage breaks and tax credits for the American Samoan operations of a company in which her husband owns $17 million worth of stock? A: This widely e-mailed claim is false. Pelosi’s husband doesn’t own that stock, despite what a bogus Wikipedia entry briefly claimed. Furthermore, American Samoa never got the minimum wage exemption it sought. Click to Read the Full Post Read More →
