ON AIR STAR
00:00:00 | 3:02:50

DONATE!

close

FROM THIS EPISODE

The City of El Monte hasn't done anything yet, but it has started a battle with the mortgage industry and Wall Street players who've invested in home loans.  El Monte wants to seize mortgages that are "underwater" and work out more affordable deals so people can stay in their homes. The financial industry threatens retaliation for what it calls abuse of the power of eminent domain. Also, some California Republicans are bucking their party, supporting jury service, drivers' licenses and other perks for undocumented workers.

Image-for-WWLA.jpgOn our rebroadcast of today's To the Point, Tea-party Republicans are making themselves heard with a challenge not just to Obamacare but to their own leaders on Capitol Hill. Can they shut down the government? Refuse to let Washington pay its bills? Will their own party take the blame if there’s financial upheaval?

 

Banner image: Jeff Turner

Producers:
Anna Scott
Sarah Rogozen
Evan George

Main Topic Underwater Mortgages and the Power of Eminent Domain 15 MIN, 11 SEC

About 1000 homes are "underwater" in the City of El Monte. That means the owners owe more on their mortgages than their houses are worth. Now city officials may go the way of Richmond, up in the San Francisco Bay Area, which has adopted a plan to seize mortgages under the power of eminent domain. 

Guests:
Andre Quintero, City of El Monte (@AndreQuintero)
Vincent Fiorillo, Association of Mortgage Investors
Steven Gluckstern, Mortgage Resolution Partners

Reporter's Notebook California GOP Pushes Immigration Reform against Party Grain 10 MIN, 4 SEC

Governor Brown says he'll sign at least some controversial bills designed to make life better for undocumented workers. Approved by Democrats in the legislative session that ended on Friday, they would allow illegal immigrants to practice law, serve on juries and obtain drivers' licenses among other things. Most Republicans voted, "no," but not State Senator Anthony Cannella, whose district spreads from Merced, in the Central Valley, to Salinas, which is inland from Monterey.

Guests:
Anthony Cannella, California State Senate (@AnthonyCannella)
Allan Hoffenblum, Hoffenblum & Associates (@WeHoGOP)

Upcoming

View Schedule

New Episodes

Events

View All Events

iTUNES SPOTIFY
AMAZON RDIO
FACEBOOK EMAIL
TWITTER COPY LINK
FACEBOOK TWITTER

Player Embed Code

COPY EMBED