The immensely sober-sided Bank of England issued, just over a year ago, a severe critique of contemporary monetary policy, Financial Stability Report No. 13 , scoring it as far worse performing, empirically, than the gold standard.
More important, Judge Pfaelzer has sided with Bank of America by dismissing it from a lawsuit involving Countrywide, saying the bank could not be held liable for rotten securities issued by Countrywide, which Bank of America purchased in 2008.