90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The Subprime Mop-Up
photo

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.

Guests:

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
Bob Hagerty, Wall Street Journal reporter

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Aug 22, 2014
Attorney General Eric Holder talks with Capt. Ron Johnson of the Missouri State Highway Patrol at Drake's Place Restaurant, Wednesday, Aug. 20, 2014, in Florrissant, Mo. (AP)

The National Guard and Eric Holder in Ferguson. ISIS beheads an American journalist. Texas Governor Rick Perry gets a mug shot. Our weekly news roundtable goes behind the headlines.

Aug 22, 2014
In this image from video posted on Facebook, courtesy of the George W. Bush Presidential Center, former President George W. Bush participates in the ice bucket challenge with the help of his wife, Laura Bush, in Kennebunkport, Maine. (AP)

The Ice Bucket Challenge: ALS, viral fundraising and how we give in the age of social media.

RECENT
SHOWS
Aug 21, 2014
Jen Joyce, a community manager for the Uber rideshare service, works on a laptop before a meeting of the Seattle City Council, Monday, March 17, 2014, at City Hall in Seattle. (AP)

We’ll look at workers trying to live and make a living in the age of TaskRabbit and computer-driven work schedules.

 
Aug 21, 2014
In this November 2012, file photo, posted on the website freejamesfoley.org, shows American journalist James Foley while covering the civil war in Aleppo, Syria. In a horrifying act of revenge for U.S. airstrikes in northern Iraq, militants with the Islamic State extremist group have beheaded Foley — and are threatening to kill another hostage, U.S. officials say. (AP)

An American is beheaded. We’ll look at the ferocity of ISIS, and what to do about it.

On Point Blog
On Point Blog
Why Facebook And Twitter Had Different Priorities This Week
Friday, Aug 22, 2014

There’s no hidden agenda to the difference between most people’s Facebook and Twitter feeds this week. Just a hidden type of emotional content and case use. Digiday’s John McDermott explains.

More »
Comment
 
Our Week In The Web: August 22, 2014
Friday, Aug 22, 2014

On mixed media messaging, Spotify serendipity and a view of Earth from the International Space Station.

More »
Comment
 
Your (Weird? Wonderful? Wacky?) Roommate Stories
Tuesday, Aug 19, 2014

We asked, and you delivered: some of the best roommate stories from across our many listener input channels.

More »
2 Comments