Aubade
Developments
Tuesday, 17 May 2011

¶ Senator John Kerry’s visit to Pakistan appears to have calmed our roiling relationship with that perfidious ally — for the moment. Interestingly, what the Pakistanis appear to have wanted was an assurance that the United States has no designs upon its nuclear capabilities. As usual, Pakistan is thinking about its epic rivalry with India, not about the United States and its problems. ¶ New York State Attorney General Eric Schneiderman has requested “information and documents” relating to mortgage securitization at Goldman Sachs, Bank of America, and Morgan Stanley. Gretchen Morgenson doesn’t tell us why Mr Schneiderman’s move, which seems too good to be true (we’d given up on seeking bankers brought to justice), and which was apparently launched a few weeks ago, is news today.