Everybody agrees that the banking system is in trouble. The incoming Obama team and some European governments want to take toxic assets off of private bank balance sheets. This will be incredibly expensive and there’s no reason to think it has much chance of success.
There’s no reason to save a corrupt, failed system. [...]The US Supreme Court just narrowed the 4th Amendment’s protections against unreasonable searches and seizures in a case called Herring v. United States. This is a case about the Exclusionary Rule. Writing for the 5-4 majority, Chief Justice Roberts argues that the mistakes of law enforcement are not serious enough in the case to justify [...]
French President Nicholas Sarkosy wants to do away with Investigating Magistrates. This would end a 200-year legal tradition in France. Although the move gives lip service to the presumption of innocence, the practical result will be more power to the government and less justice for the people.
This important story has been discussed widely. [...]