To the Point
President Obama and the Home Mortgage Crisis
President Obama wants to stop foreclosures and slow the slide in home prices. Is that a good idea? Will $75 billion be enough to meet his objectives? Also, the nightmare in Detroit continues. On Reporter's Notebook, did Illinois' US Senator Roland Burris lie under oath?
By Warren Olney • • 1h 0m ListenPresident Obama wants $75 billion to help stop foreclosures and keep home prices from dropping further than they already have. How can homeowners qualify? Will the rescue plan be good for the economy? Also, the nightmare in Detroit continues. On Reporter's Notebook, the Chicago Tribune is calling for Roland Burris to resign from the US Senate. Minnesota still hasn't decided who won the November election.
Banner image: President Obama explains his plan to help homeowners and stabilize the housing market.
In this episode
3 storiesThe Nightmare in Detroit Continues
Yesterday, General Motors and Chrysler raised their requests for federal aid to a total $21.6 billion. Even if that bailout were approved, would they still have to come back for more? David Shepardson reports from Washington for the Detroit News .
Read the story6 minObama to the Rescue for Homeowners
In Phoenix, Arizona today, President Obama says it’s worth $75 billion to rescue nine million homeowners already in default or “underwater” with loans worth more than their houses.
Read the story34 minA Burris under the Senate's Saddle
The Chicago Tribune counts four different stories from Roland Burris of how he was appointed to fill Barack Obama’s vacant seat in the US Senate. The paper says “the story gets worse with every telling. Enough. Roland Burris must resign .”
Read the story9 min
