The state fund that pays unemployment benefits is going broke. With the state jobless rate now up to 7.7 percent, the fund is expected to plunge into the red by the end of this year.
Host: Kelly Wilkinson
Guests:
• Maurice Emsellem, policy co-director of the National Employment Law Project

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Bank of America agreed today to modify tens of thousands of mortgages to keep people in California and 10 other states from losing their homes. California Attorney General Jerry Brown praised Bank of America for agreeing to the deal. We look at the details.
Host: Cy Musiker
Guests:
• Kevin Stein, assistant director for the California Reinvestment Coalition

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A battle broke out today for control of Wachovia Corporation, as San Francisco-based Wells Fargo began to fight Citigroup and federal regulators for control of the struggling bank. How does such consolidation affect bank customers?
Host: Cy Musiker
Guests:
• Joe Rideout, consumer advocate with Consumer Action
• Robert Reich, former U.S. secretary of labor and professor at UC Berkeley's Goldman School of Public Policy

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