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...best friend. Byrne Fields liked that ending better. She saw the movie with her dad, who was touched by the strong father-daughter relationship. Hughes liked that. He told her he was happy to have made a movie that brought people together. With teenagers, that's not an easy thing...

Author: /time Magazine | Title: John Hughes' High School Pen Pal | 8/10/2009 | See Source »

...early 20th century. The banks that were capable of doing the most lending to individuals didn't actually do it. We had to wait until Bank of America, for instance, got into business and a lot of the companies like Household Finance that started making consumer loans for this thing to actually warm...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

...talk about the need for a financial-products safety commission. What do you think of the proposal the Obama Administration has put out there? In the outline form we've seen so far, it looks like a good idea. But as I say in the book, if the thing is created, it's going to be barraged by new financial products from up above on Wall Street. They won't know what hit them. So I think unless there is some sort of regulatory body that is going to play chess with Wall Street, a complimentary body that filters this...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

...first thing one notices about Rangel is his appearance: every hair carefully in place with the aid of a purple comb he keeps in his pocket. The second is the way he speaks: his voice is deep and raspy, and he expresses himself with a bluntness that suggests he's been around too long to care what people think. At 79, Rangel is one of Capitol Hill's oldest lions, with an impressive backstory that lends him stature with his colleagues. "As a leader in Congress, he's a respected voice," says House Speaker Nancy Pelosi...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

...expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

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