Word: warrener
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...last fall as part of legislation that gave the Treasury Department permission to spend $700 billion to rescue the nation's ailing financial system. The panel, which is headed by Harvard Law professor Elizabeth Warren, has no legislative or official regulatory powers. It is supposed to monitor the Treasury's spending and report back to Congress as to whether it is being effective in boosting lending and shoring up the financial sector...
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...
...least one prominent investor thinks Wells is doing something right. Warren Buffett's Berkshire Hathaway bought nearly 12.4 million shares of Wells Fargo stock in the first quarter, upping its stake to just over 300 million shares. In early May, Buffett told attendees at his firm's annual meeting that he thought Wells was well capitalized and had a competitive advantage over other banks. (Read "My $650,100 Lunch with Warren Buffett...
...theory? People always apply the brakes to whichever side has the momentum. The stakes are too high, the pain too private, whatever decision a woman makes, to see the issue treated as an ideological toy or fundraising tool. Obama got in trouble in his talk last August with Rick Warren for saying that the question of when life begins was "above my pay grade." But just because he was glib doesn't mean he was wrong...
...legal decisions that have been made. This is the essence of what is called stare decisis—let the decision stand. Upholding precedent staunches the forces of change—and typically, that generates conservative results. But when the precedent you are upholding is precedent set by the Warren Court, holding back the forces of change means enforcing liberal decisions against radical demands for change from movement conservatives...