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The Mortgage Bailout Debate
ResumeThe stakes are high, but still critics are crying foul. Wall Street titans made vast fortunes playing fast and loose in the run-up, they say. So should Washington be saving their bacon now, when ordinary Americans at the other end of the meltdown are losing their homes?
This hour, On Point: Main Street, millionaires, and moral hazard in the subprime mess.Guests:
David Henry, senior writer at Business Week.
Robert Shiller, professor of economics at Yale University and co-founder of Macro Markets, a specialty investment bank that trades in real estate markets.
Robert Kuttner, co-founder and co-editor of The American Prospect magazine.
Roger Ehrenberg, former Wall Street banker, financial blogger at Informationarbitrage.com and president of Monitor 110, a financial intelligence firm.
This program aired on October 23, 2007.