Talking Points: 8/5

" I'm -- Riley thanks for watching us tonight President Obama and corporate corruption that is the subject of this evening's talking points memo as you may know. Divisions recession we have now is largely driven by irresponsible corporations selling and buying bad mortgages and big oil raising gas prices because of speculation. The Bush Administration failed to oversee the chaos and now most of us are suffering. President Obama campaign on cleaning up corporate corruption that was one of the changes weekend believing it. Now the president is a major problem with the general electric corporation. Yesterday GE agreed to pay fifteen million dollars to settle fraud -- lodged by the federal government simply put GE misled investors. Like cooking its books. There are many prominent CEOs on GE's board of directors how can put that. Today the free enterprise project is going for GE CEO Jeffrey Immelt to be fired. And certainly mr. Immelt has a lot of explaining to do. Because this is the same GD that has received a 139. Billion dollars in government backed low interest loans in other words taxpayer bailout money. Think about that. He defraud the public. Have to -- fifteen million in fines -- could conceivably use taxpayer along minding -- Situation directly touches the president because NBC news owned -- NG. Has been perhaps Barack Obama's biggest supporter in the media and Jeff Immelt was rewarded for that went President Obama appoint him to his economic advisory board. Oh gee now claiming to be agreeing companies saying it wants a clean up the environment and be paid for doing it. That goes against General Electric's drastic pollution. Of the Hudson where."

" It's high time that she clean up the the Hudson River PCB contamination. And all the other Superfund sites they're responsible for around the country."

" It's still in litigation. By the way some analysts believe the General Electric stands to make hundreds of millions if cap and trade -- Something very wrong about all this ladies and gentlemen. A major American corporation promoting the election of Barack Obama and then seeking to profit from his policies I mean it's very simple. The Securities and Exchange Commission says GE's guilty of fraud so how can CEO Jeffrey Immelt being advising. President Obama. That's insane. It's long past time for the federal government to stop the nonsense and begin policing corrupt corporations there is nothing the feds can do it. About a news organization promoting a political candidate but to reward that corporation. With government contracts after the fact. It's flat out corrupt. So we are gonna continue watching the situation very closely President Obama needs to distance himself from the general electric corporation. Immediately. And Madison."