FROM Patrick Yoest
Former WaMu CEO and Executives Testify before Congress Former executives of Seattle-based Washington Mutual are talking to Congress for the first time since the bank collapsed because of the housing crisis. Today, they responded to a Senate Subcommittee’s findings that WaMu crated a "mortgage time bomb" with subprime loans they knew would go bad but which they packaged into Wall Street securities. Patrick Yoest reports for Down Jones Newswires and the Wall Street Journal .
Is America Ready for the Next Disaster? Around the county, disaster planners at the state level are roasting the Department of Homeland Security . Since Katrina, they say, Washington has been trying to minimize its own exposure and blame the states for not being prepared. Despite past promises, they say, the states have not been allowed to help draw up what’s called the National Response Framework .
Is America Ready for the Next Disaster? At a hearing last week in Washington, the president of the National Association of State Emergency Planners , told Congress that, when it comes to disaster planning, he has "never experienced a more polarized environment between the states and the federal government." Oklahoma's Albert Ashwood said the legacy of Katrina for Washington is to minimize federal exposure while blaming states for not being prepared. As an example, he cited the National Response Plan , now revised as the National Response Framework--a formerly secret document leaked to Congressional Quarterly . State leaders say it's not a plan, and they don't understand it. A high-level veteran of FEMA during the Clinton years says federal agencies no longer know what they're supposed to do either. What are the implications for homeland security?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?