Supreme Court Hears Debate on Prop 8

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The world’s biggest insurance company is getting history’s biggest bailout. But where are billions of taxpayer dollars going? On our rebroadcast of today’s To the Point, would revealing the names of AIG’s creditors be a threat to the world’s financial system? Also, the State Supreme Court hears arguments for and against Proposition 8, which made same-sex marriage unconstitutional. We hear about possible signals of how the court might rule. Plus, a prominent LA homebuilder accused of massive fraud.

Chief Justice Ron George said today the state constitution is different from what it was when he wrote last year’s opinion legalizing same-sex marriage. Will Prop 8 stand?  What about marriages performed before the November election? On our rebroadcast of today’s To the Point, American International Group, the world’s largest insurance company, got $150 billion in federal bailout money in the last quarter of 2008 and still lost $62 billion. The Obama administration has promised $30 billion more, but today the Senate Finance Committee threatened not to go along unless it finds out where that federal money is going.

Banner image: People rally in front of the California Supreme Court Building after arguments were heard for and against Proposition 8. Photo: David Paul Morris/Getty Images

From this Episode:

Credits

Host:

Warren Olney

Producers:

Katie Cooper, Andrea Brody