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The governor of Illinois was arrested on corruption charges—including trying to sell the U.S. Senate seat vacated by President-elect Obama—while Tonight Show host Jay Leno will be giving up his late night throne in exchange for the chance to shake up primetime. Following are today's top videos:
Blagojevich Corruption Charges
“It’s a bit of a conspiracy theory but what happened was that the governor wanted one of the editorial writers and perhaps others fired—they were writing horrible editorials about him—and what he had at his disposal was the ability to help finance Wrigley Field which might have helped Sam Zell...”
—Andrew Ross Sorkin, New York Times
Leno Goes Primetime
“There is a cost-benefit to doing this, but that really was not the real driver. The real driver of this decision was that Jay Leno was available. He’s a unique talent who decided that he wanted work and that was critical to everything.”
—Jeff Zucker, President & CEO, NBC Universal
Time To Naked Short Oil
“Whatever the low is for December—and I do think we’re going to trade into the mid-lower $30s—that will be the low going forward. And I do expect a significant rebound, quickly in ’09, by the first quarter—$50 or higher.”
—John Kilduff, MF Global
What Will Fail Next?
“One of the areas I think that still rife with potential problems down the road is the for-profit education area—these stocks are near their highs. They’ve been a safe haven to stay in, and yet I think that a lot of the people that were examining the student loan industry are now turning their sights to the for-profit education.”
—Jim Chanos, Founder & President, Kynikos Associates
Stop Trading, Listen to Cramer!
“First of all, the biggest backer of getting rid of the uptick rule was the management of Lehman Brothers [LEHMQ
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], and why? Because they love to do trade, they get millions of shares of trading and they make money off of that—and of course,Lehman was annihilated by what? By no uptick rule.”
—Jim Cramer, CNBC’s Mad Money
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