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Today's Top Videos: Auto Bailout, CEO Bonus & More...

CNBC.com
Monday, 8 Dec 2008 | 6:22 PM ET

Rep. Barney Frank discusses the auto bailout issue, while New York Attorney General Andrew Cuomo says a $10 million bonus for Merrill Lynch's John Thain is unjustified. Following are today's top videos:

Rep. Frank on Housing & Autos
Talks of a rescue plan for the auto industry and the housing market are heating up, and Rep. Barney Frank, D-Mass., discusses the issue with CNBC's Steve Liesman.

Rep. Frank on Housing & Autos

“There will be a short-term bill to give them some money. Speaker Pelosi deserves a lot of credit for compromising—she had been very reluctant to see the money that we had voted that was specifically supposed to get them to improve their energy efficiency, diverted for this purpose…Once we get a new administration, we will replenish that money.”

—Rep. Barney Frank, D-Mass.

GM: Fighting For Survival
Robert Lutz, vice chairman of product development at General Motors North America, discusses his company's fight for survival.

GM: Fighting for Survival

“It’s still under discussion and we hope that some sort of short-term loans will be available and in fact, I think we’re optimistic that short term loans will be available. I object to the phrase “bailout” because it makes it sounds like money is transferred one way and will never come back, when in fact what we’re talking about is “loans.””

—Robert Lutz, Vice Chairman of Product Development, General Motors

Cuomo Says No $10M for Thain
New York Attorney General Andrew Cuomo says a $10 million bonus for Merrill's John Thain is unjustified.

Cuomo Says No $10 Million for Thain

“As you know today, there has been stories that John Thain, CEO of Merrill Lynch wants a $10 million bonus this year. Cuomo’s office has just written Merrill Lynch and basically said such a bonus is “unjustified.””

—Charlie Gasparino, CNBC Business News

Be Prepared for Depression & Deflation
Be prepared for depression and deflation, warns Bruno Verstraete, CEO of Nautilus Invest. He explains his bleak outlook to CNBC's Rebecca Meehan & Lisa Oake. He also reveals the signs that will point to a recovery in the global economy.

Be Prepared for Depression & Deflation

“I think that’s the reality—you have to see how many factories are going to be closing down for the next few weeks. I think the impact on the GDP will be quite dramatic. We have seen the numbers in the third quarter which were down a half percent, and all in all, I think that the economy in the world will come down quite a bit…”

—Bruno Verstraete, CEO, Nautilus Invest

Maria's Market Message
CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to tomorrow's Closing Bell.

Maria’s Market Message

“Stocks rallied on Monday as investors reacted to President-elect Obama’s infrastructure planand the potential for an auto industry rescue. All three of the major averages closed in positive territory with the Dow Industrials up nearly 300 points…”

—Maria Bartiromo, CNBC’s Closing Bell

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