60 Minutes EXTRA: State Budget Ponzi Schemes In New York & New Jersey - Web Exclusive Video

Three 1-minute clips that were not shown on Sunday's broadcast, focusing on the twin fiscal nightmares of New York and New Jersey and their addiction to budgetary irresponsibility and ponzi-financing as seen through the eyes of NJ Governor Chris Christie and NY Lt. Governor Richard Ravitch.

First up is New York...

Video - 60 Minutes Overtime - Richard Ravitch, New York's Lieutenant Governor

All 3 clips run approximately 1 minute.

#

Now it's New Jersey's turn...

Video - 60 Minutes Overtime - Chris Christie

How did it get so bad in New Jersey?

#

Video - 60 Minutes Overtime - Chris Christie

Can New Jersey be fixed?

---

Sunday's complete broadcast...

• Meredith Whitney, Chris Christie On 60 Minutes: Illinois & California Are Bankrupt, States Face Reckoning Day

Take the time to watch this one if you haven't already; it was definitely one of the best 60 Minutes segments in recent memory.

Comments

[DailyBail]

Meredith Whitney, Chris Christie On 60 Minutes: Illinois & California Are Bankrupt, States Face Reckoning Day

http://dailybail.com/home/meredith-whitney-chris-christie-on-60-minutes-illinois-calif.html

[DailyBail]

« Meredith Whitney: Secret State Bailouts Have Already Begun, And California Is The Worst Offender (Video) »

http://dailybail.com/home/meredith-whitney-secret-state-bailouts-have-already-begun-an.html

[DailyBail]

NJ Gov. Christie Tells Complaining Teacher: "Unlike The Fed, The State Of New Jersey Can't Print Money" (WATCH)

http://dailybail.com/home/nj-gov-christie-tells-complaining-teacher-unlike-the-fed-the.html

[DailyBail]

http://www.dailyfinance.com/story/real-estate/property-taxes-keep-rising-as-home-values-keep-falling/19766378/

[DailyBail]

The 10 Greediest People of the Year

They came, they saw, they took it all. Welcome to the world where thieves have no honor, and those who hone their talents hammering the rest of us are lavishly rewarded.

http://www.alternet.org/story/149273/

[DailyBail]

A very good year for Wall Street

Commentary: Success of TARP, financial reform top 2010’s best

http://www.marketwatch.com/story/a-very-good-year-for-wall-street-2010-12-21

fuck david weidner...pardon my french...

[DailyBail]

Use ‘Noah’s Ark’ survival kit for 2011 storms

http://www.marketwatch.com/story/use-noahs-ark-survival-kit-for-a-stormy-2011-2010-12-21

[DailyBail]

MADRID (MarketWatch) — Just days after a similar move for Spain, Moody’s Investors Service on Tuesday placed Portugal’s sovereign debt rating on review for a possible downgrade by a notch or two.

http://www.marketwatch.com/story/moodys-warns-on-portugal-just-days-after-spain-2010-12-21

[DailyBail]

Portugal Downgrade? Rolling Debt Problems Across Europe

http://247wallst.com/2010/12/21/portugal-downgrade-rolling-debt-problems-across-europe/

[john]

Ernst and Young sued by NY.

http://www.reuters.com/article/idUSTRE6BJ1FP20101221

[john]

States seek ways to re-pay jobless benefits.

http://www.mcclatchydc.com/2010/12/20/105585/employers-seek-to-avoid-higher.html