Big Banks, Medical Marijuana and the LAPD

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US Attorney General Eric Holder won't prosecute for medical marijuana, even though it's illegal under federal law. What will that mean in Los Angeles, where the District Attorney and the City Attorney say dispensaries are violating state law?  Also, a conversation with Mayor Antonio Villaraigosa about a hiring freeze at the Los Angeles Police Department.  On our rebroadcast of today's To the Point, even Alan Greenspan says it's time to break up financial institutions that are "too big to fail." But is it too late even to regulate the banks and brokerages that caused the financial meltdown? Does a new agency for consumer finance protection have a chance? 

Banner image: Dave Warden, a bud tender at Private Organic Therapy (P.O.T.), a non-profit co-operative medical marijuana dispensary, displays various types of marijuana available to patients in Los Angeles, California. Photo: David McNew/Getty Images



Warren Olney