Virgil
05-24-2008, 07:39 AM
Barry Ritholtz Big Picture blog headed "Video: Pete Peterson, David Walker on Oil, Health Care, Economy, Equities"- http://bigpicture.typepad.com/comments/2008/05/pete-peterson-d.html - has two CNBC videos with Pete Peterson, the Blackstone Group billionaire, and David Walker, the former US Comptroller.
The videos are embedded at the blog permalink. The first video is on private equities which rely on leverage for their buyouts- http://www.cnbc.com/id/15840232?video=751583439 The second one - http://www.cnbc.com/id/15840232?video=751573252 - takes on the issue of entitlements and the reason for the Pete Peterson Foundation's billion dollar mission. In the very last seconds of that interview Peterson calls out the media and their coverage of earthquakes and floods and ask "How do we make the future a subject really worth discussing?"
Also in the last minute of that second video, David Walker brings up the Medicare Prescription drug benefit, that squeaked through Congress with the most heavy handed means of the pill industry and not in overwhelming fashion as Peterson alludes. That benefit was pegged at $400 billion over 10 years and anyone that knew anything knew it was a lie. Anyway, Walker puts the number of dollars at $8 trillion for this provision written for industry and by industry.
The videos are embedded at the blog permalink. The first video is on private equities which rely on leverage for their buyouts- http://www.cnbc.com/id/15840232?video=751583439 The second one - http://www.cnbc.com/id/15840232?video=751573252 - takes on the issue of entitlements and the reason for the Pete Peterson Foundation's billion dollar mission. In the very last seconds of that interview Peterson calls out the media and their coverage of earthquakes and floods and ask "How do we make the future a subject really worth discussing?"
Also in the last minute of that second video, David Walker brings up the Medicare Prescription drug benefit, that squeaked through Congress with the most heavy handed means of the pill industry and not in overwhelming fashion as Peterson alludes. That benefit was pegged at $400 billion over 10 years and anyone that knew anything knew it was a lie. Anyway, Walker puts the number of dollars at $8 trillion for this provision written for industry and by industry.