"John Paulson, the hedge-fund manager famous for betting against mortgage securities, is now bullish on the U.S. housing market and the economy," according to MarketWatch. During a conference call with investors Wednesday, Paulson said he was concerned earlier this year about a potential double-dip recession. "I'm not concerned about that at all today," he said. It'
David Weidner takes a look back at how banks influenced bankruptcy reform five years ago, and the role it's played in this crisis. "Here's why the rash of Chapter 7 filings is alarming: under the 2005 law, only debtors with incomes under their state's median income qualify. Debtors who make more than the median income can qualify too, if they pass an onerous "means test." In other w
"Not only do I believe Wall Street will lose another 20% n the 2010-2020 decade, I also believe Wall Street's too-greedy-to-fail banks will again be so blind that they'll fail to see the coming collapse, probably in 2012, around the next presidential elections. And through it all Lazy Portfolios will keep beating the Street," Paul Farrell predicts over on Marketwatch.
"Never, ever invest in something you don't fully understand. Ever." That's the first lesson Brett Arends culls from Lewis' new book The Big Short. "Don't take credit scores too seriously" and "When it comes to buying financial products and services, the simpler, the better" are #2 and #3. Click through for the rest, but remind yourself that investors will almost certa