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Should the Government Bail Out Borrowers of Sub-Prime Loans?
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Apr 13, 2007
Should the Government Bail Out Borrowers of Sub-Prime Loans?
According to the Center for Responsible Lending, 2.4 million U.S. citizens, including hundreds of thousands of Californians, can't afford payments on their sub-prime loans and risk foreclosures on their property. Congressional Democrats have proposed a plan to give hundreds of millions of dollars to nonprofit organizations to assist borrowers with their debts. Larry talks to callers about the potential benefits and drawbacks of this plan, and whether it is an appropriate use of our tax money.

According to the Center for Responsible Lending, 2.4 million U.S. citizens, including hundreds of thousands of Californians, can't afford payments on their sub-prime loans and risk foreclosures on their property. Congressional Democrats have proposed a plan to give hundreds of millions of dollars to nonprofit organizations to assist borrowers with their debts. Larry talks to callers about the potential benefits and drawbacks of this plan, and whether it is an appropriate use of our tax money.

According to the Center for Responsible Lending, 2.4 million U.S. citizens, including hundreds of thousands of Californians, can't afford payments on their sub-prime loans and risk foreclosures on their property. Congressional Democrats have proposed a plan to give hundreds of millions of dollars to nonprofit organizations to assist borrowers with their debts. Larry talks to callers about the potential benefits and drawbacks of this plan, and whether it is an appropriate use of our tax money.

Credits
Host, AirTalk
Host, Morning Edition, AirTalk Friday, The L.A. Report Morning Edition
Senior Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Associate Producer, AirTalk & FilmWeek
Associate Producer, AirTalk
Associate Producer (On-Call), AirTalk
Apprentice News Clerk, FilmWeek