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...However, the cramdown proposal has not gained momentum in Congress: many fear it would destabilize the mortgage industry in the long term, since lenders would be reluctant to make future loans and bondholders would be reticent to purchase them if the terms could suddenly be changed by a judge at any time. "They'd be much more cautious about who they're going to loan to in the future, for fear that this bankruptcy situation could occur, and it would sour them to some degree on making home loans," says Curran...

Author: /time Magazine | Title: Subprime Lenders Head the Line for Federal Subsidies | 8/28/2009 | See Source »

...still busy preparing more of the attacks that have killed around 800 people over the years. Meanwhile, officials say that with the group now under unprecedented pressure, the only - usually young - people willing to enter ETA these days are almost all driven by an extremism that knows no fear of failure. (Read "New Basque Government: A Blow to Separatists...

Author: /time Magazine | Title: Basque Terror Group Weaker But Still a Threat | 8/27/2009 | See Source »

Natural death did not come naturally to the Kennedy family. Two siblings brought down in flight; two others slain. But now two more siblings have modeled the death that most Americans say they want and fear they'll miss; both Edward Kennedy and his sister Eunice died within weeks of each other, at home, at peace, surrounded by family, after a race well run. For an eternally public clan that could not rise or fall or sin or stray without every move recorded, even death was a chance to shape the debate one more time. (See pictures from Ted Kennedy...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

...family, his doctors, his priest available to discuss his wishes. He did not need to worry that his treatment was being distorted by doctors afraid of being sued. He fought, but he knew when the fight was over, and those who were with him saw hope, not fear. "The truth is, he had expressed to his family that he did want to go," said Father Patrick Tarrant of Our Lady of Victory Church, who was at Kennedy's bedside. "He did want to go to heaven. There was a certain amount peace -a lot of peace, actually - in the family...

Author: /time Magazine | Title: The Lessons of His Dying | 8/26/2009 | See Source »

...then the Biennale is seldom about substance. Atman measures his worth by the invitations he receives to the best parties, forever suffering from "the fear that there were better parties you'd not been invited to, a higher tier of pleasure that was forbidden to you." I countered my own lack of invites by fleeing to such sanctuaries as Osteria alla Bifora, tel: (39-41) 523 6119, where Franco, the irascible and rotund proprietor, buffs and polishes a gleaming red 70-year-old meat slicer with the care most men would pay a Ferrari. Or there's Osteria...

Author: /time Magazine | Title: The Venice Biennale | 8/26/2009 | See Source »

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