The State of the Housing Market and the State of the State

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Arnold Schwarzenegger laid out a long list of priorities today for his last year in office.  We hear from some tough-minded Sacramento insiders about jobs, education, prisons, tax reform and the waning power of a lame-duck Governor. On our rebroadcast of today's To the Point

, despite federal efforts to "modify" mortgages, economic recovery is threatened by a massive wave of foreclosures.  Should cruel economic realities be allowed to run their course, or should taxpayers rescue banks and homeowners who are "underwater?"


Banner image: Assembly Speaker Karen Bass (L) and Senate pro Tem Darrell Steinberg (R) listen as Governor Schwarzenegger delivered his final State of the State address before a joint session of the California State Legislature



Warren Olney