Feb 9, 2012

Marketplace Morning Report for Thursday, February 9, 2012

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The Obama administration and almost every state are reportedly ready to settle with the country's largest banks over allegations of abusive foreclosure practices. We check in with the Mayor of Los Angeles on his vision for the city, which is…

Segments From this episode

Mid-day Extra: More from Mayor Antonio Villaraigosa

Feb 9, 2012
The Los Angeles mayor discusses his city's public transportation issues, economic challenges, and his favorite place to go.

Greece agrees to deep budget cuts

Feb 9, 2012
Just ahead of another meeting of European finance ministers in Brussels, Greece announces that they have agreed to the austerity cuts that would allow them to receive a much-needed $173 billion bailout.

Growing up is hard if you can’t find a job

Feb 9, 2012
In this economy, young people postpone careers, marriage, kids and even leaving home.

Deal reached over abusive foreclosure practices

Feb 9, 2012
Nearly all the states and the federal government, and five of the nation's largest banks, have reportedly reached a $25 billion settlement over abusive foreclosure practices. Around 750,000 victims of foreclosure fraud will get checks for just about $1,800.

Greece reaches austerity deal

Feb 9, 2012
Greek leaders have agreed on a new austerity plan. What will the ripples be throughout the rest of the European economy?

Bankruptcy lawyers warn of student loan 'debt bomb'

Feb 9, 2012
A new study reports that student debt in this country could be the next “debt bomb," a major economic threat not unlike the mortgage crisis. And this time, there’s no way to get rid of the debt through bankruptcy.

Americans worried about home value

Feb 9, 2012
As a potential deal between states and big banks nears over abusive foreclosure practices, we check in with Gallup to see how worried homeowners are about the future.

Economic confidence lags from state to state

Feb 9, 2012
The national mood about the economy is one thing, but what states have the best, and worst, confidence about the direction of the economy?

Banks to dole out compensation to homeowners

Feb 9, 2012
A settlement has been reached between state attorneys general and five major banks, but the problems of the housing market in the U.S. are far from over.

States nearing mortgage settlement with big banks

Feb 9, 2012
The Obama administration and nearly every U.S. state are reportedly ready to settle for $26 billion with five of the country's largest banks over allegations of abusive foreclosure practices.

Mayor Antonio Villaraigosa on the future of L.A.

Feb 9, 2012
The Los Angeles mayor and president of the U.S. Conference of Mayors discusses public transportation, city budgets and what's ahead for his city.

Will the settlement money be enough?

Feb 9, 2012
As states close in a settlement with big banks over alleged abusive home foreclosure practices, we break down how much each family will really get.

Maryland AG on $25 billion mortgage settlement

Feb 9, 2012
Federal and state authorities have reached an agreement with big banks on abusive foreclosure practices. What does this mean for states like Maryland?

PODCAST: Foreclosure closure

Feb 9, 2012
The Obama administration and almost every state have reached a settlement with the country's largest banks over allegations of abusive foreclosure practices. We check in with the Mayor of Los Angeles on his vision for the city, which is the…
Big banks and state attorneys general have reached a settlement over abusive foreclosure practices.
ROBYN BECK/AFP/Getty Images

The Obama administration and almost every state are reportedly ready to settle with the country’s largest banks over allegations of abusive foreclosure practices. We check in with the Mayor of Los Angeles on his vision for the city, which is the second largest metro area in the U.S. A new survey out by the Pew Research Center shows that young adults have been hurt the most in the recession. And bankruptcy lawyers are warning that the latest “debt bomb” will come from student loans.

The team

Stephen Ryan Producer, BBC

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