Jack Lew's Confirmation Hearing: According to the Post, "The questions from the Senate Finance Committee, which is vetting Lew, reflected the widening responsibilities of the Treasury secretary, a role that shapes policy on trade, taxes, economic growth — and now banking regulation." Despite pointed questions about his lucrative work at Citigroup, his Cayman Islands hedge fund investment, etc., "Lew handled the confirmation so smoothly that toward the end of the hearing, Republicans on the committee were conceding that he was all but greenlighted for the job." The headline of the latest Journal editorial subtly hints at the writers' assessment of Lew: "The Rookie." The paper also has a straight news story on the hearing that mostly talks about the fiscal policy stuff.
Court rulings in mortgage putback cases keep going against Bank of America, according to the "Heard on the Street" column.