Banks Put on Notice

| May 14, 2010 | Economy / BusinessThe Senate has passed an amendment to the Wall Street reform bill to prevent lenders from earning money by deliberately steering homeowners to risky loans and mortgages they can’t afford. The amendment from senators Jeff Merkley (D-OR) and Amy Klobuchar (D-MN)...

I Coulda Been a Hedge Fund Manager

| May 3, 2010 | Economy / BusinessWhen I was in high school, I had a guidance counselor named Mrs. Cameron. She was a sweet woman, gentle of manner, soft of voice. She ruined my life. It was her job to give career counseling to the students in her charge. To that end, she would make us take an...

Which Mitch Do You Believe?

| Apr 26, 2010 | Economy / BusinessAs Lily Tomlin has said, “No matter how cynical you get, it’s almost impossible to keep up.” She could’ve been referring to Sen. Mitch McConnell and other top Republicans in Congress, whose cynical hypocrisy either makes you want to either...

Consumer Protection and Corporate Purses

| Mar 22, 2010 | Economy / BusinessIn this period of painfully partisan politics, it’s too easy for the focus to be on who won today, instead of the American people’s needs. We’re witnessing just that in two roiling debates–one over the proposed Consumer Financial Protection...