FROM Michael Troncoso
Three Years Later, the Housing Crisis Continues Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices. In several states, attorneys general say they're trying to rebuild public confidence in the home loan industry by going after banks and lenders for fraud. Could criminal convictions restore public confidence or is it already too late?
Three Years Later, the Housing Crisis Continues Banks and mortgage lenders now own a million foreclosed properties, with another million on the verge of repossession this year, creating a drag on the real estate market that will only get bigger. In the worst hit states, attorneys general are gearing up to investigate and prosecute lenders for fraud in both sales and foreclosures. In Washington, the bi-partisan Senate Permanent Subcommittee on Investigations issued a 650-page report outlining risky, deceptive practices by Goldman Sachs and other major Wall Street investment houses that made big money, essentially by betting against their own clients. Should they be prosecuted too? Would high-profile convictions renew public confidence in the home-loan industry or slow the market even more?
What happens when America retreats from the world? Is President Trump taking his "America First" agenda to extremes, withdrawing the country from the international stage on trade and climate change, distancing America from its traditional allies across the Atlantic and even threatening to physically isolate the country through the building of a wall along its southern border? León Krauze guest hosts.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.