May 7th 2010 12:00PM
It was former Treasury secretary Henry "Hank" Paulson's turn in front of the Financial Crisis Inquiry Commission yesterdayn-- and, boy, does this guy sound like the voice of reason we've all been looking for. His testimony was compelling, on-point, and chock-full of tremendous insight. Some snippets: "Reforms are... Continue Reading »
May 3rd 2010 6:00PM
If your lender forecloses on your mortgage but lets you stay in your house as a tenant, is your real-estate saga more likely to have a happy ending? A new law making its way through the House of Representatives may give you the chance to find out. The riddle for most cities plagued by foreclosure involves solving two... Continue Reading »
Apr 23rd 2010 6:15PM
It's becoming a standard play for President Obama. Just as he gave a high-profile speech to seal the deal on the health care overhaul earlier this year, he came to New York City on Thursday to set up the winning shot for financial reform. With Goldman Sachs' Lloyd Blankfein seated in the third row, President Obama could... Continue Reading »
Apr 3rd 2010 9:15AM
The stock market hit a new high for the year this week, and Wall Street bonuses are resurgent. The financial sector is booming... but legislation to reform the financial system is still stuck in Congress. It's a little like watching a recovering cancer patient sit up in bed and reach for the cigarettes. How do we make... Continue Reading »
Apr 1st 2010 1:50PM
Now that the Federal Reserve has ended its mortgage-backed asset buying spree, will private investors take up the slack? That's the multi-trillion dollar question that anyone interested in the housing market needs to know. The Fed bought $1.25 trillion of mortgage backed securities in the last 15 months and Fannie and... Continue Reading »
