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?
The 'deconstruction' of the administrative state President Trump has failed to fill high-level positions in important agencies — and some people he has named want to phase out the agencies they're supposed to lead. We look at the possible consequences for delivering services and providing security — and at top aide Steve Bannon's plans for "deconstructing the administrative state."
Getting answers on phone taps, Russia and leaking The Directors of the FBI and the NSA testified on Capitol Hill today there's no evidence for President Trump's claim he was wire-tapped by former President Obama. We'll hear about that and the investigation into Russian tampering with last year's presidential campaign.