To the Point
The President's Plan for Relief from the Sub-Prime Debacle
With foreclosures at record levels, President Bush wants the mortgage industry to volunteer help for sub-prime borrowers. Who might win and who will keep on losing? What will it mean for the price of housing and a potential recession?Also, an off-line nuclear reactor delays cancer tests around the world. On Reporter's Notebook, why did the CIA destroy videotapes of interrogations?
By Warren Olney • • 1h 0m ListenWith foreclosures at record levels, President Bush wants the mortgage industry to volunteer help for sub-prime borrowers. Who might win and who will keep on losing? What will it mean for the price of housing and a potential recession? Also, an off-line nuclear reactor delays cancer tests around the world, and Democrats are accusing the CIA of "a cover up" and "obstruction of justice." We hear about the destruction of videotapes showing "severe interrogation techniques."
President George W. Bush is flanked by Secretary Alphonso Jackson, left, of the Department of Housing and Urban Development, and Secretary Hank Paulson of the Department of the Treasury, as he delivers a statement Thursday, Dec. 6, 2007, at the White House, on the Administration's efforts on housing. White House photo by Joyce N. Boghosian
In this episode
3 storiesOff-Line Nuclear Reactor Delays Cancer Tests around the World
A nuclear reactor in Canada supplies all of the isotope used for diagnosing and treating cancer in the US and the rest of North America. On November 18, the National Reserach Universal Reactor was closed for five days of routine maintenance, but it won't be fired up again until the middle of next month. Tyler Hamilton reports for the Toronto…
Read the story6 minWho Will Be Helped By the Sub-Prime Bailout?
There's no federal money involved and it's not even close to a bailout. It could help as many as two thirds of sub-prime mortgage holders or as few as 12 percent. It was announced at the White House , but it's not really a government plan; it depends on voluntary action by the mortgage industry. Does it go too far or not far enough?
Read the story34 minCIA Admits Destroying Interrogation Videotapes
Democrats are talking about "a cover up" and "obstruction of justice." Did the CIA destroy videotapes of interrogations to avoid prosecution, at the same time that Congress was looking into the agency's secret detention program?
Read the story9 min
