Bond Investors Call for Reform
The stock market hit a new high for the year this week, and Wall Street bonuses are resurgent. The financial sector is booming... but legislation to reform the financial system is still stuck in Congress.
It's a little like watching a recovering cancer patient sit up in bed and reach for the cigarettes.
How do we make sure the weakness that spread throughout the financial system doesn't return? Some ideas were recently presented by none other than... the financial sector. The Association of Mortgage Investors delivered a proposal for financial market reform to Congress this past week.