Patt Morrison Mon, 9/29

PATT MORRISON SCHEDULE

Monday, September 29, 2008

1-3 p.m.

 

 

1:00 – 1:30

It’s Monday, Do We Have a Bailout?

The largest bank failure in U.S. history, Washington Mutual is down in flames, snapped up by JPMorgan Chase. Bailout talks for the rest of Wall Street continue through the weekend in Washington. Congress is sticking around – at least through Saturday - as pressure mounts to get something accomplished before the markets open in Asia on Sunday. We take a look at what - if anything - was accomplished.

 

Guests:

NOT CONFIRMED

Allan Sloan: senior editor at large for Fortune magazine; columnist at the Washington Post

Call him @

 

 

 

1:30 – 2:00

Government Cash from an Earlier Bailout: Neighborhood Stabilization Begins

The Housing and Economic Recovery Act of 2008 seems rather quaint in hindsight: the government’s first attempt to stem the flood of foreclosures was passed earlier in the summer and included a clause that was not popular with President Bush, even though he signed it into law. The Neighborhood Stabilization Program involved the Department of Housing and Urban Development distributing taxpayer dollars to local municipalities, enabling them to acquire and redevelop foreclosed property. The first $4 billion was released last week with $50 million coming to L.A. County. What’s the best way to use that cash?

 

Guests:

Steve Preston, Housing & Urban Development Secretary

Call him @

 

TBD: Rep from the L.A. County Community Development Commission

Call him @

 

Thomas Davidoff, professor of economics at UC Berkeley’s Haas Real Estate Group

CALL HIM @

 

 

 

[NPR NEWS]

 

 

2:00 – 2:30

Prop 5: Nonviolent Offender Rehabilitation Act - Rational Policy or Mirage?

It promises expanded treatment and shorter, less strict, parole for nonviolent drug offenders; and as a side-bar, relief to our over-crowded prisons.  But is proposition 5 lined with good intentions that will lead to chaos in the parole system and danger to public safety?  Some experts say yes, some say no - we hear from both sides.

 

Guests:

YES ON PROP 5

Margaret Dooley-Sammuli, Deputy Campaign Manager, NORA Campaign – Yes on 5

and Deputy State Director, Southern California, Drug Policy Alliance Network

CALL HER @

 

NO ON PROP 5

Steve Cooley, Los Angeles County District Attorney

CALL HIM @

 

 

 

2:30 – 3:00

OPEN