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Issue of April 7, 2008 |     |
Reform SchoolMarch didn’t quite live up to its expectation of going out like a lamb, at least in the financial industry. On the last day of the month, Treasury Secretary Henry Paulson detailed his plan for a sweeping overhaul of U.S. financial regulation. Crap Shoot Legislators’ recent vote to shoot down Gov. Deval Patrick’s plan to establish three casinos in the Bay State may well turn out to be a bad gamble, particularly for House Speaker Salvatore DiMasi. Federal CRA Reg Unnecessary In early March, about 5,000 representatives of the Credit Union industry descended upon Washington, D.C., for the Credit Union National Association’s Government Affairs Conference. While attending the world’s largest credit union gathering, I was able to hear from a number of federal lawmakers and visit personally with members of our local delegation. Some Investors Call Stock Market’s Bottom, Despite Instability By Rachel Beck Investors know that those willing to make big bets as stock markets show signs of bottoming out after big declines can make outsized returns. Canary in the Coal Mine Gets Very Sick but Doesn’t Die By Jim Miara The Massachusetts Community and Banking Council was created in 1990 to stop the conscious and subconscious redlining of minority communities by lending institutions. During its 18-year history, the organization has performed quietly but effectively to highlight abuses and avert others through thoughtful reform proposals, well-crafted (although narrowly broadcast) public service announcements and pioneering home mortgage products. Check & Balance Banker & Tradesman's political cartoon. |
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