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Extras: Biblical Derivatives, Teleprompters and Pelosi’s Plane

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"

Executive Payola

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 Reform and Consumer Protection Act,

Special Favors from Nancy Pelosi?

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.

Peas in a Pod

Summary

A radio ad sponsored by Hillary Clinton reprises her misleading claim that Barack Obama likes Republican ideas. Obama has responded with an ad that makes a half-true accusation that Clinton "championed" NAFTA. We find that both claims are misleading and that the candidates are, in fact, making mountains of molehills.

Specifically, we found that:

Clinton’s ad falsely implies that Obama supported "special tax breaks for Wall Street" and running up the deficit, and that he opposed minimum wage increases while refusing to deal with the housing crisis.