Considering the variety of proposals floated recently to restrict money market mutual funds, it seems people at some government agencies really want to put MMFs out of business.
A recent Los Angeles Times story, though a masterpiece of illogic, illustrates how unsound lending and loan administration naturally culminate in destructive servicing decisions.
Making banks show the rigor of their analysis through what-if exercises is all well and good. But investors would be better served if auditors had to tell more about the risks their clients are taking.
Private equity's impact on job creation has come to forefront over the last week. Never in my memory have we had a political issue that so distorts reality in favor of emotion.
The main goal of this legislation is to replace the insolvent secondary market dinosaurs with a private market solution by encouraging investors to participate and increase liquidity.
A letter to the editor in response to "Citi's Facebook App Exposes the Perils and Rewards of Social Media," published online Jan. 3 and in print Jan. 4.
The CFPB can and should impose safeguards against predatory payday lending institutions. And big banks should take heed and stop providing these lenders with lines of credit.
Setting up a bureaucracy free of any checks and balances is based on a Platonic, that is, an anti-democratic, idea. It rests on the assertion of the superior knowledge of the employees of the bureau.
