Can the US Senate Pass Finance Reform? Should LA Declare Bankruptcy?

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Los Angeles City Hall has become so dysfunctional that critics are calling for outside intervention. Is bankruptcy the way to go? We hear from former Mayor Richard Riordan and Council member Paul Koretz. Also, a state senator says Cal State Stanislaus has shredded public documents to keep a secret for Sarah Palin. And LACMA will help restore a cultural icon: LA's deteriorating Watts Towers. On our rebroadcast of today's To the Point, the Senate is back in Washington, ready to take up finance reform — in an election year. Will public anger at Wall Street bring some Republicans on board? What about consumer protection and banks that are “too big to fail?” 

Banner image: Mayor Villaraigosa addresses the budget crisis, April 6, 2010.

Credits

Host:
Warren Olney

Producers:
Darrell Satzman, Christian Bordal