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...Instead, the banks went out and raised capital from private sources, including $65 billion in a matter of weeks. On June 2, Bank of America announced that it had raised $33 billion of the $33.9 billion the feds were requiring it to. JPMorgan announced new plans to sell stock. Part of the motivation for the banks is to get out from under government constraints - Congress has passed strict limits on executive salaries, bonuses and other benefits bankers love to love...

Author: /time Magazine | Title: The Bank Rescue Plan Is in Limbo. Is This Good News? | 6/3/2009 | See Source »

...fact that they can raise so much money from private sources means confidence is returning to the markets and credit is loosening up. "Success to us is that the system gets better, healthier," says the senior Treasury official. "Whether they sell into something we create or not doesn't matter...

Author: /time Magazine | Title: The Bank Rescue Plan Is in Limbo. Is This Good News? | 6/3/2009 | See Source »

...Mercifully, the abortion debate typically occurs within the boundaries a democracy sets, one of peaceful, if not always respectful, debate and advocacy on both sides. But what Tiller's murder reminds us is that in matters of life and death, the argument itself can become a matter of life and death...

Author: /time Magazine | Title: Tiller's Murder: The Logic of Extremism on Abortion | 6/2/2009 | See Source »

...leave Coleman more room to either appeal to the Supreme Court's October session or to start a new case in federal court - both processes that would take months to run their course. Some GOP Senators, including Senate minority leader Mitch McConnell, have encouraged Coleman to push ahead no matter what the decision. But such a move, particularly in federal court, might also backfire, warns Don Kettl, dean of the University of Maryland's School of Public Policy. "It's unclear what case Coleman could make that he hasn't already put forward, so it would risk looking like...

Author: /time Magazine | Title: Franken vs. Coleman: The Final Round — Maybe | 6/2/2009 | See Source »

...Progressive groups are calling on Senate majority leader Harry Reid to seat Franken provisionally no matter the outcome of the Minnesota Supreme Court's decision, a move that would likely provoke a GOP filibuster. Reid thus far has taken a wait-and-see approach, though his patience is wearing thin. "The time for do-overs is over," says Jim Manley, a Reid senior adviser. "Now is the time - now more than ever - for Norm Coleman and Washington Republicans to stop once and for all their ongoing effort to block President Obama's agenda...

Author: /time Magazine | Title: Franken vs. Coleman: The Final Round — Maybe | 6/2/2009 | See Source »

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