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While Big Banks Made Bad Bets, Savvy Investors Thrived

Author Michael Lewis joins us with stories of the few men who understood that all those bundled mortgage securities being traded by the big investment banks were worthless. They bet against Wall Street and were treated as a joke until banks started going under. Lewis explains what these few had figured out, and asks why the captains of finance who led us to a multi-trillion dollar economic disaster are still rich and calling the shots on Wall Street and in Washington. Michael Lewis' new book is "The Big Short: Inside the Doomsday Machine."

As Oil Flows Into Gulf, Shell Oil Moves Forward With Arctic Drilling Plans

Shell Oil hopes to drill five exploratory wells off the coast of Alaska with the 514-foot drilling ship, the Frontier Discoverer. (AP File Photo)
Shell Oil hopes to drill five exploratory wells off the coast of Alaska with the 514-foot drilling ship, the Frontier Discoverer. (AP File Photo)

China Is Rattled By Series Of School Attacks

A policeman and paramilitary police officer are now on watch over children as they leave a primary school as Chinese officials warned police will open fire on any future school attackers "without mercy." (AP)
A policeman and paramilitary police officer are now on watch over children as they leave a primary school as Chinese officials warned police will open fire on any future school attackers "without mercy." (AP)

Soldiers In Afghanistan Spoof Lady Gaga's 'Telephone' Video

Non-profit Sends Music To Troops

Tom Wiggin co-created "Songs for Soldiers," a volunteer effort to provide MP3 music players to the 185,000 U.S. service members stationed in Iraq and Afghanistan. The MP3 players are filled with songs from To The Fallen Records, which produces songs written and performed exclusively by active duty troops and veterans.
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Music From The Show

  • Peter Dixon, "Nagog Woods"
  • Christian McBride, "Theme for Kareem"
  • Paul Simon, "50 Ways to Leave Your Lover"
  • The Lickets, "Meat City"
  • Ahmad Jamal, "Patterns"
  • Kar-Kar Madison, "Boubacar Traore"
  • Lady Gaga, "Telephone"
  • Charles Mingus, "Pedal Point Blues"
  • Cliff Hudson, "Country Fried Pedigree"
  • Joe Gallagher, "Take A Look Around"
  • Tommy Stanley, "Lonely Oklahoma"
  • Andy Evans, "Hill Country Girl And A Sailor"
  • Dead End, "Trophy Dust"
  • X.O. Vino, "Whistle Anthem"
  • X.O. Vino, "Whistle Anthem"

This program aired on May 14, 2010.

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