Archive for May 15th, 2010

• Should you buy stocks now?
• POSTED 05.15.10

What’s an investor to do? In the past three weeks, Greece melted down, a terrorist attacked Times Square, the Dow dropped 600 points in seven minutes and then spiked back up, BP befouled the Gulf of Mexico, and a volcano wrecked the airline industry’s profit plans. If you’re sensible you, um, buy stocks.
This isn’t a [...]

• The Republican bill strangles the consumer financial protection agency
• POSTED 05.15.10

Now we know exactly what Republicans have in mind for consumer protection: No new protection, period. The proposal they introduced in the Senate yesterday amounts to a wipeout. Nothing would happen at all to stop future predatory loans.
The Administration want an independent Consumer Financial Protection Agency with its own budget and authority to act. The [...]