http://stream.publicbroadcasting.net/production/mp3/wamc/local-wamc-824345.mp3
Albany, NY – The recession is a global phenomenon. Many economists believe the problem is deeper than a popped housing bubble and tangled mortgage packages...and the effects are spreading rapidly throughout the world. Amidst all the talk of bailouts and stimulus packages, many fear that US taxpayers will wind-up paying most of the tab. There are no simple explanations, but correspondent Laura Iiyama reports on some attempts to unwind the mess and predict what's coming:
6:34 toxic assets - Iiyama
If you're facing foreclosure, or walking that knife edge between safety and collapse, many experts say it's best to be proactive. But I can tell you from firsthand experience that trying to forestall problems is nowhere near as simple as we're led to believe.
5:25 IndyMac Barnett
And what about the future of the banking industry? Some say this is a golden opportunity to make changes that can have significant positive repercussions for years to come - shoring up not only the banks, but helping the environment.
9:22 International Bank Chan Barnett
You can read more about Michelle Chan in the January issue of Ode Magazine, or find out more at the Friends of the Earth website at foe.org.