To the Point
Is Federal Action Making the Housing Crisis Better or Worse?
Despite federal efforts to "modify" mortgages, America's housing crisis is getting worse. Without greater protection, will more people walk away from their loans? Should banks and other lenders take the hit? Is economic recovery at risk? Also, Democratic Senator Chris Dodd decides against running for a sixth term, and the world's largest trade show for consumer technology.
By Warren Olney • • 50m ListenDespite federal efforts to "modify" mortgages, America's housing crisis is getting worse. Without greater protection, will more people walk away from their loans? Should banks and other lenders take the hit? Is economic recovery at risk? Also, Democratic Senator Chris Dodd decides against running for a sixth term, and mobile apps, Androids and a possible tablet from Apple. We get the latest on consumer technology.
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In this episode
3 storiesSenators Dodd and Dorgan to Retire
After 35 years on Capitol Hill, Democrat Chris Dodd of Connecticut announced today he won't run for a sixth term in the Senate. At the age of 65, Dodd said this was his moment "to step aside." White House reporter Chris Cillizza writes The Fix blog at WashingtonPost.com.
Read the story8 minIs Federal Action Making the Housing Crisis Better or Worse?
Fifteen million Americans are "underwater," meaning they owe more on their mortgages than their homes are worth. The Obama Administration has $75 billion for a year-old program called Making Home Affordable , but there's widespread agreement that it's a failure that could be making things worse.
Read the story37 minOh, the Gadgets We'll See
When it comes to communications, content is supposed to be king, but these days it's all about new technology. Yesterday it was the Nexus One smart-phone from Google. Does the future hold a tablet from Apple? That question is already part of the buzz at the world's biggest consumer electronics show , which begins in Las Vegas tomorrow.
Read the story6 min
