The title comes from a post on the Carpetbagger Report by Steve Benen. He argues that, with the primary season over, anyone pro-choice has got to dislike John McCain’s stances on the issue. However, he quotes quasi-Libertarian Froma Harrop as saying:
“A big sticking point for wavering Democrats will be McCain’s position on reproductive [...]

Royal Bank of Canada joins the list of financial institutions sued by clients over the large losses associated with the credit crisis.
The Globe & Mail reports:
Royal Bank of Canada has been hit with a proposed class action lawsuit in New York alleging that it told clients that auction rate securities were safe short-term investments for [...]

This is a story I caught over at Michael Panzner’s site this morning. Apparently Paramax, a hedge fund, entered into a swap arrangement with UBS based on the value of a subprime CDO back in February 2007. Under the terms of the swap, the hedge fund was required to post additional collateral with UBS if they value of the CDO fell. It did.

The risks going forward for financial institutions and their capital base are large and growing. The blog CalculatedRisk has reported on yet another story that should give chills to bankers. This one is very significant: Chapter 7 bankruptcy.
A judge recently ruled against Cleveland-based regional National City in a case involving stated income loans. [...]

As the Democratic nomination race continues on and on without any end in sight, the question of Supreme Court nominees comes into play. The Court is obviously very right of center as it is presently staffed. A democratic President, backed by a Democratic congress, would alter this configuration. An editorial in today’s New [...]