MortgageBackedSecurities

Penn Badgley: Investing Is 'Greek to Me'

The actor who stars in "Margin Call," a film about high finance confesses that he doesn't believe in investing, confesses his ignorance about "the system" and explains why he's taking up the Occupy Wall Street cause.

Why You Should Care
About the Volcker Rule

This week, the government took a big first step toward shutting down the Can't Lose Room in the Wall Street Casino. It's now one comment period away from enacting the Volcker Rule, which limits the kinds of risky investments banks can make with money insured by the U.S. taxpayer.

As Foreclosures Rise, Consumer Spending Will Fall

Foreclosure activity picked up by 4% in June, and economic problems which include unemployment and falling homes prices will drive it relentlessly higher. That's bad news for homeowners, but the ripple effect from foreclosures goes beyond their immediate problems, and it will get much worse.