PATT MORRISON SCHEDULE
Wednesday, March 4, 2009
1:00 – 1:20
1:20 – 2:00
Cram-down: Sounds Unappetizing, but May Be Helpful
The art of the mortgage “cram-down” has been discussed and debated in both political and banking circles for well over a year: the idea that bankruptcy judges should be empowered to force troubled homeowners and their mortgage-holding banks to negotiated modified terms of home loans. Now that President Obama is in the White House, and his mortgage relief plan relies on cram-downs, there is new pressure for Congress to act and the first vote on cram-down legislation in the House is expected Thursday. Why do banks hate cram-downs, what are the political concerns, and will they ultimately help keep people in their homes?
1:40 – 2:00
Celebrating International Women’s Day with One Cool Woman
International Women’s Day 2009 falls on March 8th but it’s obviously pretty silly to limit the celebration of women’s global achievements and contributions to just one day. Still it’s a good excuse to stop and realize the role that women play in helping to make us a better human race, and to that end Patt is focusing on the amazing example of Sheila Johnson. The only woman owner of three professional sport franchises, Johnson has also produced a documentary on women fighting poverty in different areas of the world. We celebrate International Women’s Day, one woman at a time.
Sheila Johnson, businesswoman, entrepreneur and part-owner of the NBA Washington Wizards, the WNBA Washington Mystics & the NHL Washington Capitals
CALL HER @
2:00 – 2:30
2:30 – 3:00
Corn Flakes versus Corn on the Cob: Disparities in Food Prices Irk Grocers
Go to the grocery store, and you'll notice that box of cereal, pop-tarts, or that TV dinner seems a bit more expensive. Raw materials, such as flour, cooking oil and wheat, however, are down in price. So what gives? Grocery store chains are getting peeved about wholesale prices cutting into their margins, while producers such as Kellogg's and Nestle say some key commodities--such as tea and tomatoes--are still quite expensive. Analysts say some of the manufactures miscalculated the future price of food and are reluctant to pull back wholesale prices.