In 2004, Tim Jones bought a little piece of the American dream: a modest three-bedroom home in Bend, Ore., that went for $218,000. Three years later he married and was ready for phase two of the dream: trading up. But instead of buying, he and wife Elise pocketed the $100,000 profit from the sale of their house and rented bigger digs.
An industry lately synonymous with losses, liquidations, and swindle is showing signs of recovery. An uptick in new hedge funds suggests that investors are warming to them again. And trends among the newly launched funds show how that high-rolling world has changed in the aftermath of the credit break down.
When the Senate passed its credit-card reform bill on Tuesday, Senator Christopher Dodd called it “a great day for consumers.” But what will it mean for small business owners who’ve been struggling with inflated rates and unexpected fees on their credit cards?
