To the Point
Sub-Prime Loans and the Economy
The subprime mortgage crisis may force 2 million people out of their homes and a small army of Wall Street executives out of their jobs. Will there be a recession? Would government intervention make things better or worse? Also, the US turns another province over to Iraqi control, and Christina Fernandez de Kirchner succeed her husband as President of Argentina. What that could mean for other women in politics?
By Warren Olney • • 1h 0m ListenThe subprime mortgage crisis may force 2 million people out of their homes and a small army of Wall Street executives out of their jobs. Will there be a recession? Would government intervention make things better or worse? Also, the US turns another province over to Iraqi control, and Christina Fernandez de Kirchner succeed her husband as President of Argentina. What that could mean for other women in politics?
Joint Economic Committee Chairman Charles Schumer (D-NY) talks about the joint economic committee report during a news conference on Capitol Hill, October 25, 2007 in Washington DC. Photo: Mark Wilson/Getty Images
In this episode
3 storiesSuicide Bombing in Iraq as Security Handovers Continue
In Iraq, the US has turned over Karbala, south of Baghdad, to Iraqi forces. It's the eighth of 18 provinces now in Iraqi control. At same time today, a suicide bomber on a bicycle killed 28 police officers in Diyala Province and wounded another 20. Christian Berthelsen is in Baghdad for the Los Angeles Times .
Read the story6 minThe Sub-Prime Mortgage Meltdown Continues
When housing prices were going up, lenders were approving low interest loans to borrowers with questionable credit.
Read the story37 minDoes Victory for Argentina's First Lady Put Hillary Clinton in New Light?
Cristina Fernández de Kirchner will be the next President of Argentina, taking over from her husband Nestor and joining Chile's Michelle Bachelet as South America's second sitting female head of state.
Read the story6 min
