Should Taxpayers Help Ward Off a Rash of Foreclosures?

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Homeowners with marginal credit can’t keep pace with the rising rates on flexible interest loans made at the height of the housing boom. An Assembly committee has passed legislation creating a pool of money to help them refinance. Is it a public bail-out of borrowers who should have known better--or protection for the rest of the economy? On Reporter’s Notebook, veteran Congresswoman Juanita Millender McDonald has died.  We talk about her and the political landscape she’s left behind. 


Photo: Joe Raedle/Getty Images

Credits

Host:
Warren Olney

Producers:
Frances Anderton, Katie Cooper