NPR Talkshow Alert: The Subprime Mop-up

OnPointRadio.org, a nationally syndicated talkshow on NPR, is hosting a program NOW entitled, "The Subprime Mop-Up."
If you live in Greater Boston, you can listen to 90.9FM from 9-10am
this morning, Thursday, September 6, 2007, or the rebroadcast tonight
from 7-8pm. Beyond Boston, you can also listen to the program LIVE
online
now or access the audio anytime later at your convenience:
   
Aired: Thursday, September 06, 2007 10-11AM ET

Program description:  The Subprime Mop-up

If
you thought the subprime mortgage mess was behind us, think again. In
the next year, another two million adjustable-rate mortgages are
scheduled to reset from low "teaser" rates to household budget-busting
new highs.

Foreclosure rates are already soaring. In some
regions, whole neighborhoods risk going under. A credit crunch backlash
has markets around the world in turmoil.

Now Washington is girding to weigh in.  But who, if anyone, should be bailed out?  Who punished?  Who reined in?

This hour On Point:  homes, high-rollers, and moral hazards in the subprime mop-up.

—–

Housing economist Karl Case just ducked a question on the implications of the subprime crisis on housing prices nationwide and Congressman Barney Frank just finished speaking.  The complete line-up of guests include:

  • Rep. Barney Frank, Democrat from Massachusetts, chairman of the House Financial Services Committee
  • Karl Case, professor of economics at Wellesley College and co-author,
    with Yale’s Robert Shiller, of the Case-Shiller Index, the leading
    database of U.S. housing sales
  • Michael Mussa, former chief
    economist at the International Monetary Fund and former member of
    President Ronald Reagan’s Council of Economic Advisers
  • Michael G. Ciaravino, Mayor of Maple Heights, Ohio, a city hit hard by foreclosures
Posted in Foreclosures, Real Estate Bubble, RECALL: Real Estate Consumer Alliance

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