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?
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.
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.
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.