Which Way, L.A.?

Should Taxpayers Help Ward Off a Rash of Foreclosures?

Homeowners with marginal credit can’t keep pace with the rising rates on flexible interest loans made at the height of the housing boom. An Assembly committee has passed legislation creating a pool of money to help them refinance. Is it a public bail-out of borrowers who should have known better--or protection for the rest of the economy? On Reporter’s Notebook, veteran Congresswoman Juanita Millender McDonald has died.  We talk about her and the political landscape she’s left behind.