Who's Your Daddy?

Abu Dhabi Becomes Largest Citigroup Shareholder With $7.5B Investment, Bailout Comes Amidst Subprime Mortgage Crisis, Record-High Oil Prices *

The Gulf Arab emirate of Abu Dhabi bought a $7.5 billion stake in Citigroup, America's largest bank, on Tuesday, making it the bank's largest shareholder. As the U.S. credit crisis worsens and the price of oil hovers close to $100 a barrel, the injection of capital from oil-rich Gulf states is seen as a bailout of banks in trouble. We speak with NYU economics professor, Nouriel Roubini and Hampshire College professor Michael Klare, author of "Blood and Oil."

Listen/Watch/Readhttp://www.democracynow.org/article.pl?sid=07/11/29/1523200 *

Minorities Hit Hardest by Subprime Mortgage Crisis *

We take a look at how the subprime mortgage crisis is affecting homeowners. The latest statistics show U.S. foreclosure filings nearly doubled in October from the same month last year. African-American and Latino homeowners have been particularly hard hit. A new study finds that African-Americans and Latinos were more than three times as likely as whites to have a high-cost loan.

Listen/Watch/Readhttp://www.democracynow.org/article.pl?sid=07/11/29/1523206