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Thursday's hearing was one of a number of public forums the COP is hosting on different segments of the lending market. Warren is often criticized for being too critical of banks and their lending practices. But at the hearing on commercial real estate, Warren focused on how big a problem future loan defaults will be and what should be done about them...
There were not many solutions offered. Nadler said he thought the government should create new banks, which, unencumbered by souring loans, would boost lending. Nadler said he thought private investors would be interested in helping fund the new banks. A number of the panelists thought the government's TALF and PPIP programs meant to boost lending were helpful but not the answer. Parkus said he thought extending the terms of commercial loans set to default would only delay the problem and make it worse. As more and more bad loans pile up, he predicted, it will become progressively harder...
...Haven dispute will probably be one of the final cases the court rules on before adjourning for the summer in late June. The Justices have already reversed three rulings that Sotomayor had joined over the years. That's not a high number for a longtime appellate judge, and unlike the affirmative-action case, those generally involved such technical issues that it would be hard to build an opposition campaign around them. For instance, this year a 6-3 Supreme Court overturned a 2007 Sotomayor decision that ruled that the Environmental Protection Agency could not use cost-benefit analysis when deciding...
...view? It looked to me like the clouds were thousands of feet below. The moon was shining directly on the fluffy clouds. It was like the most clichéd fairyland you've ever seen. The place was full of stars, four times the number you'd see in the Mojave Desert. And some very big mountains looked like little pimples coming through the clouds...
...Some also charge that religious intolerance was behind France's infamous 2004 law banning students from wearing "ostensible religious objects" in public schools - a prohibition designed mainly to eliminate the small but slowly growing number of Muslim headscarves in classrooms. As it did when France issued its dangerous-cults list, the U.S. government officially responded to the law banning religious objects with a request that Paris make greater efforts to respect religious freedoms. (Read "'Veil Wars' Reveal Europe's Intolerance...