Bill Clinton Calls For Mortage Bailout

Former President Bill Clinton tells the audience at today’s Clinton Symposium conference in Georgetown that the only way to get America back to full employment is to clean the mortgage debt. (0:35)

Listen

McCain will help homeowners

Former Housing Secretary Jack Kemp explains why Sen. McCain is the best candidate to deal with the housing crisis. (1:15)
Listen

If We Paid Congress the Way We Pay CEO's, We Would Have More Legislation, Not Better

The House Oversight and Government Reform Committee held a hearing on “Executive Compensation II: Mortgage CEO Severance Packages,” focusing on CEOs involved in the ongoing subprime mortgage crisis.

Nell Minow, editor of The Corporate Library, says that the pay packages given to executives contributed directly to the economic crisis because they created incentives to produce more business rather than better. (0:45)
Listen

Robert Kuttner says that companies today are using the same tactics as companies in the 1920s

Robert Kuttner, author of The Squandering of America and co-founder of The American Prospect, says that companies today are using the same tactics as the pyramid schemes of the 1920s, including "lack of transparency, insider conflicts of interest, and too much speculating with borrowed money." He cites Enron, Worldcom, and sub-prime lending as examples. He spoke at an event organized by the Campaign for America's Future and the Progressive Caucus, and featuring Reps. Barney Frank (D-MA), Barbara Lee (D-CA), and Lynn Woolsey (D-CA). (0:57)
Listen