Panel Concerned Bailout Won't Fix Root Problem
CorrectionSome versions of this interview included an introduction that incorrectly said Las Vegas has the highest number of foreclosures in the country. It actually has the highest foreclosure rate.
The financial turmoil in this country began with the housing crisis. Elizabeth Warren heads the Congressional Oversight Panel — the group charged with monitoring the government's $700 billion bailout package. Warren tells Renee Montagne that the panel is looking into whether any of that money is helping ease the mortgage crisis.
Related NPR Stories
What Does $700 Billion Buy Taxpayers? Dec. 11, 2008
How Will The $700B Be Distributed? Dec. 10, 2008
Will $700 Billion Bailout Be Enough? Nov. 12, 2008
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.