Topic of the Week

Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac.

The government rescued Washington-based Fannie and McLean, Va.-based Freddie three years ago after their near collapse because from big losses on risky mortgages they purchased. American taxpayers have dolled out about $170 billion to rescue the two firms, the most expensive bailout of the 2008 financial crisis.

“These lavish compensation packages and bonuses are unfair, unreasonable and unjust to the taxpayers whose assistance is the only thing keeping Fannie and Freddie afloat,” said Rep. Spencer Bachus (R-Ala.), chairman of the House committee.

Listen live this week to Credit Talk Live USA Worldwide as we tackle this issue.

Song Pick of the Week

Off The Wall Segment

With over 140 pages of previously unpublished poems, private illustrations, & a blank diary section at the end of the book for buyers to add their own thoughts, poems, dreams, rants and raves, OTEP Shamaya’s Caught Screaming is a must have.

The first printed collection of poetry and illustrations by recording artist and poet Otep Shamaya can be downloaded as an electronic book or you can order a hard copy.

Buy your copy today.

Jackass of the Month

Herman cain stands accused of sexual harassment by several woman but he claims they are all lying. The Herman Cain campaign is “reassessing” its strategy in the wake of Ginger White’s claim that she and Cain engaged in a 13-year extramarital relationship, a senior staffer to the campaign told CBS News.

The staffer made the statement following reports that Cain told supporters Tuesday morning that he is reassessing whether to remain in the Republican presidential race. On a five-minute conference call, Cain told his senior staff that he would make a decision on staying in the race “over the next several days,” according to National Review. And the Des Moines Register reports that Cain said on the call that he needs to decide if the affair allegation creates “too much of a cloud” for him to continue his run.