Which Way, L.A.?
Big Fires Raise Big Questions about Money
Will budget cuts damage the mutual aid system as fire season burns on? Also, will player trades help the Dodgers get into the playoffs? On our rebroadcast of today's To the Point, banks that were "too big to fail" were rescued from the consequences of bad decisions with taxpayer money. As they begin to pay it back, they've grown even bigger.
By Warren Olney • • 53m ListenAs the fire season really gets underway, state and local budget cuts raise challenging questions. Will firefighters always be available? Should homeowners near wilderness fire zones pay for their own protection? Also, will new players help the Dodgers make the playoffs? On oure rebroadcast of today's To the Point, banks that were "too big to fail" were rescued from the consequences of bad decisions with taxpayer money. They're beginning to pay it back at the same time, they've grown even bigger. What does that mean for consumers? Can government get the banks under control before they get reckless again?
In this episode
3 storiesToo Big to Fail...and Still Growing
Banks that were rescued as “too big to fail” are now bigger than ever. JP Morgan Chase, Bank of America, Wells Fargo and Citigroup now issue half of America’s mortgages and two-thirds of its credit cards.
Read the story27 minBig Fires Raise Big Questions about Money
Firefighters got a break from the weather today as clouds moved in and increased the humidity. At a command center today, Governor Schwarzenegger congratulated firefighters who are being sorely tested by so many blazes in so many places. So far, state and local budget shortfalls have not reduced state and local resources.
Read the story19 minDodgers Pick Up Two New Players
The Dodgers lost to the Diamondbacks last night, 5-to-3 in ten innings, but during the game they picked up two players who might help them get to the World Series. Matt "Money" Smith is co-host of Petros and Money on KLAC-AM 57.
Read the story7 min
