FROM Michael Troncoso
Three Years Later, the Housing Crisis Continues Three years after the housing market began to collapse banks own more than a million homes due to foreclosures, with another million on the verge of repossession this year and millions more in years to come. Economists call it a "glut" that's extending the housing crisis and pushing down prices. In several states, attorneys general say they're trying to rebuild public confidence in the home loan industry by going after banks and lenders for fraud. Could criminal convictions restore public confidence or is it already too late?
Three Years Later, the Housing Crisis Continues Banks and mortgage lenders now own a million foreclosed properties, with another million on the verge of repossession this year, creating a drag on the real estate market that will only get bigger. In the worst hit states, attorneys general are gearing up to investigate and prosecute lenders for fraud in both sales and foreclosures. In Washington, the bi-partisan Senate Permanent Subcommittee on Investigations issued a 650-page report outlining risky, deceptive practices by Goldman Sachs and other major Wall Street investment houses that made big money, essentially by betting against their own clients. Should they be prosecuted too? Would high-profile convictions renew public confidence in the home-loan industry or slow the market even more?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.