From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

A bailout, the president couldn't refuse.

Hello again, I'm Arminolny, and this is To the Point.

From Public Radio International, the daily look of the issues, Americans care about most.

President Bush will sign the

massive new housing bill holding his nose because Treasury Secretary Paulson convinced him

the economy can't do without it. Despite the promise of homeowner relief in an election year,

149 House Republicans voted no. Just 45 went along. On to the point, is the bill a reward

for risky investors at taxpayer's expense?

Will backing Freddie and Fannie end up costing hundreds of billions of dollars?

Did deregulation go too far?

Would re-regulation make things better or worse?

Is the U.S. looking at a full-scale recession?

On reporter's notebook, Denver has second thoughts about the Democratic

Convention. First, here's the news. Support for To the Point comes from subscribers of KCRW Santa Monica

and from the Public Radio International Program Fund, whose contributors include the Ford Foundation

and the John D. and Catherine T. MacArthur

Foundation. Hello again, Warren Olney, back with To the Point. Democrats say the new housing bill

will help not just the housing market, but the economy as a whole. President Bush will sign

reluctantly, though, and against the wishes of many Republicans. On To the Point, will lenders

agree to restructure loans on homes facing foreclosure?

Will backing Freddie and Fannie put taxpayers at risk?

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