Making recommendations would give the SEC a second chance, but will not solve the stability problem if there aren't three commissioners who are willing to accept them.
For 50 million investors and the multitude of municipalities, corporations and other entities which depend on money market funds for efficient funding, it is crucial to set the record straight.
Would you take money that your daughter needs for braces and make a short term loan to a Wall Street firm? Probably not, but if you've put your ready cash in a prime money market fund, those are the kinds of places where your money may be sitting now.
Do you believe Wall Street is too elite to use the tactics of common thugs? Well, think again.
The Fed's balance sheet has increased to $2.25 trillion from $925 billion at the start of 2008 and excess reserves in the banking system now total more than $1 trillion.
The Fed and the Treasury have to take the training wheels off the wobbly financial system without tipping it back into chaos.
Credit markets may not be completely healed, but they are in much better shape than they were three months ago.
Call it the case of the disappearing dividends, a $42 billion caper that's robbing many Americans of a fair chunk of their future wealth.
Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.
Housing prices have to fall because they have been inflated for years, but they will ultimately reach an economic equilibrium. When that is accomplished, the financial system will recover.
Spending is the problem that caused this crisis in the first place. We cannot fix the problem using more of its root cause.
Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.
What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.
The mere existence of the SEC gives investors false confidence, lulling them into reduced vigilance and making them think they are protected when they are not.
By the time a recession ends, the market has already rebounded to much higher levels off the bottom. The most pessimistic periods economically has been the best time to buy stocks.
According to data by Davis Advisors Funds examining the S&P 500 returns in the 15 years span between 1993 and 2007, the patient investor who remained ...