host: nick baker? guest: certainly we saw the subprime crisis.that was all about residential real estate. that started unraveling in 2007, and that was through the proximate cause of the financial crisis. people were not paying off their mortgages, people could not afford them. that trickled into the banks, and that caused major problems in markets. there is a feeling out there among some analysts and people have been talking about this for a while now, this is not something brand new right now, at least a year people have talked about commercial real estate. again, residential real estate caused the original financial crisis, but commercial real estate. and is that going to -- are losses going to unleash another massive set of problems for the economy? so far that hasn't occurred, that there has been anything approaching the residential real estate crisis. that is a concern. the caller mentioned, who are the banks? let's go back to the government and let's say we're getting killed on commercial real estate. we need help. i have to note, the poli

this morning, we will talk with nick baker and then the founder and chair of the memphis tea party talks about the

tomorrow on washington journal, nick baker of bloomberg news discusses the impact of the stock market on the economy. mark skoda member of the tea party talks about the convention, the goals and the 2010 elections. kathleen christiansen on how the 21st century workforce. that's saturday at 7:00 a.m. eastern here on c-span. >> progressive talk radio host and author of 30 book, thom hartmann is our guest sunday night at 8:00. and now secretary of state hillary clinton on the agreement of the governments of the u.k. and northern ireland to transfer the police from british to local control beginning in the spring. during an answer and questions session, she also comments on haiti kidnapping. this is about 10 minutes. >> well, good morning, everyone. today is an important day on northern ireland. it's political leaders have agreed on a road map and time line for the devolution of policing and justice powers and they've taken other productive steps as well. the accord they announced today will help consolidate one hard one gained over the past decade. this has not been an easy road. there w

tomorrow, nick baker discusses the impact of the stock market on the economy.rk skoda talks about the convention, the goals of the party, the legislative agenda, and their role in the midterm elections. then the co-editor of "workplace flexibility," how the structure needs to be realigned for the 21st century workforce. >> it's easy to complain about the issues and the peoples and the politicians. >> tom hartman is our guest sunday night at 8:00 on c-span. >> president obama was in maryland today just outside of the capital meeting with small business owners. he discussed job creation and small business initiatives including a proposal to extend small business administration lending programs. his remarks came on the heels from the labor department that the unemployment rate fell last month. this is about 10 minutes. >> thank you. i appreciate the warm welcome. they are experts in cooling and heating systems. after my time in washington, i am very familiar with hot air. that does not apply to the head of the small business administration. she has focused like a