The United States Senate will likely take up a housing bill next week. The so-called "cram-down" provision -- allowing bankruptcy courts to restructure mortgages, including reducing the principal -- should be embraced as a relatively simple, tax-free and absolutely essential component.

Since 1971, when my company launched the nation's...

Speculative bubbles, before they inevitably burst, are fundamentally the triumph of short-term thinking over long-term thinking, and of short-term investors over long-term investors.

The Financial Crisis of 2008 may be unique and unprecedented but it shares elements in common with previous market upheavals, such as the crisis of 1997-1998...