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FROM THIS EPISODE

There’s a new tent city in Sacramento, a reminder of the Hoovervilles created during the Great Depression. We see what lost jobs and foreclosures mean for families in Southern California, where resources to help the homeless are on the decline. ALso, Bernard Madoff violated the trust and depleted the fortunes of 4800 people, and is likely to spend the rest of his life in prison. On our rebroadcast of today’s To the Point, has he been protected by a de-regulated financial system and a culture of greed?


Banner image: Matt Logelin

Producers:
Christian Bordal
Sonya Geis

Main Topic Lost Jobs, Foreclosures and Homelessness for SoCal Families 20 MIN, 13 SEC

Last year, the official count of homeless people in Los Angeles County was more than 70,000. This year's count has not yet been reported, but the call for homeless services is on the rise at the same time that available resources are on the decline. Lost jobs and foreclosures are driving entire families from homes to apartments to motels. For the chronically homeless, it's even worse.

Guests:
Paul Leon, Founder and Executive Director, Illumination Foundation
Orlando Ward, Director of Public Affairs, Midnight Mission
Rebecca Isaacs, Executive Director, Los Angeles Homeless Services Authority

Main Topic Bernard Madoff: Behind Bars 26 MIN, 32 SEC

After pleading guilty to 11 felony counts in federal court today, Bernard Madoff did not go home to his Upper East Side apartment, but to jail, until he is sentenced on June 16. In the courtroom, he explained how his scheme worked and what he did with the money. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame him? What's being done to make sure this doesn't happen again?

Guests:
Diana Henriques, Senior Financial Writer, New York Times
Lucinda Franks, Contributor, DailyBeast.com
Jim Hedges, President, LJH Global Investments
Peter Henning, Professor of Law, Wayne State University

Making News King Hospital Rises from the Dead 5 MIN, 22 SEC

In the aftermath of the Watts riots of 1965, the Martin Luther King Hospital opened in South Central LA.  But over the years, the level of healthcare deteriorated to the point where official reports called it dangerous. In August, 2007, the hospital finally shut down. Yesterday a proposal was made to re-open under the joint control of LA County and UCLA, as we hear from Jim Lott, executive vice president of the Association of Southern California Hospitals.

Guests:
Jim Lott, Executive Vice President, Hospital Association of Southern California

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