FROM Patrick Yoest
Former WaMu CEO and Executives Testify before Congress Former executives of Seattle-based Washington Mutual are talking to Congress for the first time since the bank collapsed because of the housing crisis. Today, they responded to a Senate Subcommittee’s findings that WaMu crated a "mortgage time bomb" with subprime loans they knew would go bad but which they packaged into Wall Street securities. Patrick Yoest reports for Down Jones Newswires and the Wall Street Journal .
Is America Ready for the Next Disaster? Around the county, disaster planners at the state level are roasting the Department of Homeland Security . Since Katrina, they say, Washington has been trying to minimize its own exposure and blame the states for not being prepared. Despite past promises, they say, the states have not been allowed to help draw up what’s called the National Response Framework .
Is America Ready for the Next Disaster? At a hearing last week in Washington, the president of the National Association of State Emergency Planners , told Congress that, when it comes to disaster planning, he has "never experienced a more polarized environment between the states and the federal government." Oklahoma's Albert Ashwood said the legacy of Katrina for Washington is to minimize federal exposure while blaming states for not being prepared. As an example, he cited the National Response Plan , now revised as the National Response Framework--a formerly secret document leaked to Congressional Quarterly . State leaders say it's not a plan, and they don't understand it. A high-level veteran of FEMA during the Clinton years says federal agencies no longer know what they're supposed to do either. What are the implications for homeland security?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
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?