There’s a new tent city in Sacramento, a reminder of the Hoovervilles created during the Great Depression. We see what lost jobs and foreclosures mean for families in Southern California, where resources to help the homeless are on the decline. ALso, Bernard Madoff violated the trust and depleted the fortunes of 4800 people, and is likely to spend the rest of his life in prison. On our rebroadcast of today’s To the Point, has he been protected by a de-regulated financial system and a culture of greed?
Banner image: Matt Logelin