Clarion-Ledger du lieu suivant : Jackson, Mississippi • Page 18

CLARDNLEDGER.COM adoff: Mets ball club, actor Kevin Bacon on list 8B THE CLARION-LEDGER FRDAY, FEBRUARY 6, 2009 Bailout: Real estate lobbyists seek subsidy From6B Investment scam far-reaching Bernard Madoff client list was made public late Wednesday by the U.S. Bankruptcy Court In Manhattan. Not everyone on the list Is a victim, but the file demonstrates Madoff far reach. Locations of the 13,000 entries on Madofl list .3,. rJf 19 i chi9o(uMiw'r TramA 1 1 sSfrTrancisco From6B the possibility of modifying the mark-to-market requirements during times when "you get into a pro-cyclical environment and things are spiraling down.

That's what we are talking about." Meanwhile, real estate lobbyists were pressing the government to spend billions to temporarily subsidize lower mortgage rates. They were looking to Geithn-er's announcement Monday in hopes that some of the financial rescue money would be used to reduce mortgage rates and prevent foreclosures. The Federal Reserve has been buying up mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Others listed in the document include Madoff's wife, sons, brother and other relatives. Another is Ira Sorkin, the attorney who's defending Mad-off against charges he perpetrated the biggest financial fraud in history. But Sorkin said he did not lose money in the scandal.

"I have never ever at any time been a customer, investor, client or had any beneficial interest in any account at Bernard L. Mad-off Securities," he said. It's not exactly clear how he ended up on the Ust. King's spokesman, Howard Rubenstein, said the CNN host suffered "not substantial losses." Rubenstein declined to answer further questions on King's investments with Mad-off. Other big names who previously disclosed losing money to Madoff were not on the list, including actor Kevin Bacon.

cooperated with authorities to help identify assets. The customers include prominent people and institutions that already had been pub-licly revealed, such as the Wilpon family, owner of the New York Mets. Also listed were more than two dozen accounts involving the Mets and companies affiliated with their owners were listed, many with addresses at Shea Stadium. New Jersey Sen. Frank Lautenberg is also on the list.

Silverstein held the lease to the trade center's office space when it collapsed on Sept. 11, 2001, and is building three office towers to replace it. His spokesman, Bud Perrone, said in a statement Thursday: "Losses incurred by Larry Silverstein and his family absolutely pale in comparison to those innocent investors who lost their life savings as a result of this scheme." the creation of the $500 billion program late last year. "They can certainly expand on it to bring the rates down further," said Lawrence Yun, chief economist with the National Association of Realtors. Geithner met Thursday with Federal Reserve Chairman Ben Bernanke and other officials who serve on the President's Working Group on Financial Markets.

The group was formed in the wake of the 1987 stock market crash with the goal of better coor-dinating the government's response to market crises. The administration's overhaul of the controversial $700 billion bailout plan is expected to provide support to banks to deal with some of the toxic assets that are now weighing down their balance sheets and keeping them from resuming more normal lending. Jacksonville Austin There are no locations lor Alaska V.1 SOURCE: AllxPartners LLP AP The list was compiled by Alix- Investment Securities LLC. Partners LLP, a Dallas company Madoff hasn't been indicted, hired as claims agent by the He's being held under house trustee overseeing the liquida- arrest at his multimillion-dollar tion of Bernard L. Madoff penthouse.

Mae for a month. Before rising a bit in recent weeks, mortgage rates had plunged since the Fed announced Digital: Channel 34 has already switched From6B without cable or satellite services, or digital tuners. In Jackson, WRBJ-Channel 34 had already switched to digital in January. WDBD-Channel 40, which began broadcasting last month, will keep the original date moving away from their low power signal, said Mike Ingalls, station news director. "We are completely ready and we would like to give people this better qualilty signal," he said.

At WJTV-Channel 12, owned by Media General, "we don't know the exact plan yet; we're waiting for corporate guidance," Rick Russell, news director, said Thursday. Information from WUFX-Channel 35 wasn't available by ji i 't i. 1 Mill" "jjjfrr SATURDAY, FEBRUARY 7th GROOVIN'TOTHE 60'S AT GOLDEN MOON PR I HAY ECRRI IARY ATH AT 1PM $20,000 RANDOM HOTSEAT GIVEAWAY 2PM -6PM i mnu Win your share of 1st 500 through the door will receive a pair Jute of groovy glasses and a peace sign necklace! SPECIAL XENON ENTERTAINMENT ATLEM AN I A AG Al MIDNIGHT WIN A '65 ROADSTER CORVETTE FEBRUARY 128 DAILY SWIPE WIN Double The Love Sundays! Double your entries, Double your prize! Feb. 8th, 1 5th 22nd 2pm 6pm Volkswagen Beetle Convertible February 28th i Saturday, February 14th FREE BOX OF VALENTINE'S CANDY 2PM 1 0PM FIVE $5,000 DRAWINGS 1 0PM MIDNIGHT While supplies last It? mm Monday, February 1 6th PRESIDENT'S DAY late Thursday, Lett said. As for Mississippi Public Broadcasting-TV, "we have asked the FCC for approval to turn off our analog transmitters on Feb.

17," said Marie Antoon, executive director of the statewide, publicly-supported network. "Our intention right now is to switch to digital on the original deadline," she said. "One of the concerns we have is the cost of keeping the analog transmitters on until the new deadline; it would be around $150,000." For some Mississippi stations, the cost is up to $15,000 per month, Lett said. Elsewhere in the state, WLOX in Biloxi and WXXV in Gulfport plan to make the switch on Feb. 17, Lett said.

Stations in the areas of Meridian, GreenwoodGreenville and TupeloColumbus also plan to stick to the Feb. 17 deadline, she said. But, in Hattiesburg, WDAM will wait until June 12. There shouldn't be any more deadline extensions, Kellogg said. "The government isn't going to wait again.

It's causing a lot of confusion." To comment on this story, call Gary Pettus at (601) 96 1-7037. Commercial banks draw additional loans The Associated Press Commercial banks drew more loans over the past week from the Federal Reserve's emergency lending program, while investment firms borrowed less. The Fed said Thursday that commercial banks averaged $67.4 billion in daily borrowing over the week ending Wednesday. That was up from nearly $65 billion in average daily borrowing logged over the week that ended Jan. 28.

Investment firms drew $30.3 billion over the past week from the Fed program. That was down from an average of nearly $32 billion the previous week. This category includes any loans that were made to the U.S. and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynfch. NOON 4PM Februarv 13th hfH SMOKEY ROBINSON IQth cui uai i NATALIE COLE Please see Pearl River Rewards for more details.

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