These loans have fallen in value as the market has struggled to reappraise their risks.

WSJ: Malls, Offices May Slump Less Steeply Than Homes

There is certainly a need to reappraise policy as the euro zone's debt crisis enters a perilous new phase.

ECONOMIST: Charlemagne

The impulse to reappraise is not new.

NEWYORKER: Unsinkable