Which Way, L.A.?
Lost Jobs, Foreclosures and Homelessness for SoCal Families
Lost jobs, foreclosures and homelessness are bad news in Southern California, but there is a future for Martin Luther King hospital and medical school. On our rebroadcast of To the Point, has Bernard Madoff been protected by a de-regulated financial system and culture of greed?
By Warren Olney • • 1h 0m ListenThere’s a new tent city in Sacramento, a reminder of the Hoovervilles created during the Great Depression. We see what lost jobs and foreclosures mean for families in Southern California, where resources to help the homeless are on the decline. ALso, Bernard Madoff violated the trust and depleted the fortunes of 4800 people, and is likely to spend the rest of his life in prison. On our rebroadcast of today’s To the Point, has he been protected by a de-regulated financial system and a culture of greed?
Banner image: Matt Logelin
In this episode
3 storiesBernard Madoff: Behind Bars
After pleading guilty to 11 felony counts in federal court today, Bernard Madoff did not go home to his Upper East Side apartment, but to jail, until he is sentenced on June 16. In the courtroom, he explained how his scheme worked and what he did with the money. Madoff cheated 4800 people out of billions of dollars.
Read the story27 minKing Hospital Rises from the Dead
In the aftermath of the Watts riots of 1965, the Martin Luther King Hospital opened in South Central LA. But over the years, the level of healthcare deteriorated to the point where official reports called it dangerous. In August, 2007, the hospital finally shut down .
Read the story5 minLost Jobs, Foreclosures and Homelessness for SoCal Families
Last year, the official count of homeless people in Los Angeles County was more than 70,000. This year's count has not yet been reported, but the call for homeless services is on the rise at the same time that available resources are on the decline. Lost jobs and foreclosures are driving entire families from homes to apartments to motels.
Read the story20 min
