The Center for Media and Democracy's reporter Eric Carlson flew down to New Orleans to cover the American Legislative Exchange Council (ALEC) annual meeting. After hearing from ALEC Board member and Ohio State Senator Bill Seitz that "there is nothing secret about it [ALEC]," Carlson was eager to attend ALEC workshops and interview state legislators about their priorities.

However, Carlson was denied press credentials by ALEC and then kicked out by security as he sat writing on his computer in the Marriott lobby. Marriott denies that it was their security personnel and speculates that it could have been private security hired by ALEC.

A new study released today by the Center for Media and Democracy (CMD) shows that, despite rosy statements about the bailout's impending successful conclusion from federal government officials, $1.5 trillion of the $4.8 trillion in federal bailout funds are still outstanding.

The analysis, presented in charts and an online table and program profiles, is based entirely on government records. This comprehensive assessment of the bailout goes beyond the relatively small Troubled Asset Relief Program (TARP) program to look at the rest of the Treasury and Federal Reserve's multi-trillion dollar response to the financial crisis. It shows that while the TARP bailout of Wall Street (not including the bailout of the auto industry) amounted to $330 billion, the government also quietly spent $4.4 trillion more in efforts to stave off the collapse of the financial and mortgage lending sectors. The majority of these funds ($3.9 trillion) came from the Federal Reserve, which undertook the actions citing an obscure section of its charter.

On August 3, the American Legislative Exchange Council kicks off its annual meeting in the Big Easy. State legislators from across the country will arrive in New Orleans to be wined and dined by corporate lobbyists. R.J. Reynolds Tobacco, for example, has invited legislators to a big smoke at its cigar reception on Bourbon Street. But the meeting is not all fun and games. Legislators will be sitting down with some of the biggest corporations in the world -- Koch Industries, Bayer, Kraft, Coca-Cola, State Farm, AT&T, WalMart, Philip Morris and more -- behind closed doors. There, they approve one-size-fits-all changes to the law that ALEC legislators take home and introduce as their own brilliant policy innovations.