Wall Street reform passes Senate

By Robyn Davis Sekula

So the Senate finally passed Wall Street reforms. There was much cheering among those pushing the legislation. On the surface, it seems to be a good thing. I think we can all agree there is too much predatory lending out there.

However, I'm always a bit wary when government gets involved in private business.

Will this be a good thing? It could be. But it could have unintended consequences.

What do you think?

Read up on it and post a comment. We love to hear from our readers.

http://money.cnn.com/2010/05/20/news/economy/Wall_Street_reform/index.htm

Lehman Brothers, a year later

By Jason T. White, Ph.D.

Friday, September 18 the Treasury Department's temporary program to guarantee money market funds ended. The good news is that this was essentially a "non-event" on Wall Street and with investors around the country.

You might recall that the temporary government guarantee program was put in place following investor flight from money market funds in the wake of the Reserve Primary Fund's "breaking of the buck," meaning that the fund's net asset value fell below $1 per share. The collapse of Lehman Brothers was the primary impetus for the failure of this fund, and investors were understandably fearful that this event might spread to other money market funds. It didn't.

Read more here:

http://www.allianzinvestors.com/mutualFunds/profile/PMHYM/performance_A.jsp