Word: lawfulness
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...plenty of examples in the recent past of housing policies starting at the federal housing agencies and later expanding industry-wide thanks to strong-arming from some combination of the Obama Administration and Congress. Loan modifications are the quintessential example. Perhaps one more relevant bit here is the law that was passed earlier this year requiring banks that repossess houses to honor the terms of existing leases (i.e., to not immediately kick out any existing renters). Fannie Mae already had such a policy in place. Over the summer, an Assistant Secretary of the Treasury Department told a Senate panel that...
John Coffee, a law professor at Columbia University, says the Bear Stearns hedge-fund case, which jurors decided in less than a day, will make prosecutors think twice before bringing a case that hinges on e-mail. Coffee once called e-mail evidence "the biggest advancement in law enforcement since the two-way radio." But the Bear Stearns case and others have caused Coffee to reconsider how powerful e-mails are in court. "The jury was totally unconvinced," says Coffee. "It does not mean all white-collar cases will not go forward, but I do think it will cause prosecutors...
Still, legal experts say executives and others could end up getting bitten when they hit "Reply." Law professor Richard Painter of the University of Minnesota says e-mail will continue to be admitted as evidence and play an important role, particularly in white-collar prosecutions. "The fact of the matter is that people say things they shouldn't by e-mail," says Painter. "So as long as we continue to use e-mail, you are going to see it in cases...
...unfit - for the Oval Office. Many have noticed that Palin isn't acting like a candidate: after her clumsy exit from the governorship last summer, she declined to hire an experienced staff or manage her public profile deftly. All that, plus her tawdry public feud with ersatz son-in-law Levi Johnston, has most of the smart money betting that Palin won't be a contender...
...Just ask the Spanish government. On Oct. 2, pirates hijacked the Alakrana, a Basque fishing vessel that was trawling in the Indian Ocean. A day later, the Spanish navy arrested two of the presumed pirates and deported them for trial in Madrid. That might have been a triumph for law and order, had the rest of the pirate gang not still been aboard the Alakrana, holding its crew captive...