Marketplace for Wednesday, May 16, 2012
Hundreds of millions of dollars in the housing settlement meant to provide relief to struggling homeowners is being used to plug state budget gaps. Commentator Robert Reich says forget the Volcker rule -- let's bring back Glass-Steagall instead. The number of older Americans who are long-term unemployed has more than doubled since the recession. And in the U.S. economy recovery, it looks that the wealthy are recovering more of their money than the poor. Kai Ryssdal talks to a Greek resident about the reported 'bank runs' happening there today. And in the latest installment of Freakonomics, Stephen Dubner talks about the unintended consequences of retirement.