FROM Peter Temin
The Reality and Psychology of the Economic Crisis Major financial institutions are in big trouble. IndyMac of Pasadena, California has been taken over by the FDIC in the second-biggest bank failure in US history. Fanny Mae and Freddie Mac , backbone of the mortgage market, are losing their stock value. One analyst calls them "Phony and Fraudy." While experts insist that we'll never see another Great Depression, many Americans are losing confidence. Have regulators relaxed their standards and allowed the free market to get out of control? Will the loss of consumer confidence help make things worse before they get better?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
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.