Gjeldskrisen i EU
NEW YORK (TheStreet) -- Bank of England Governor Mark Carney showed he has a sense of humor, and during a wonky speech Monday about monetary policy, used that apparent wit to offer a fist bump to Twitter . "Now I'm in the camp that think's it's unlikely that communicating in 140 characters represents the end of human progress -- as useful as that discipline is," Carey said. Carney, speaking in New York on Monday, was explaining the possibility of why advanced economies have entered a prolonged low-growth period since the financial crisis, a [...]
NEW YORK (TheStreet) --Commodity Futures Trading Commission Chairman Gary Gensler on Monday cited Moody's Investors Service downgrades of giant U.S. banks as a sign regulators have made substantial progress on eliminating future bailouts of those institutions. The regulator's statement provides further evidence of a return to duopoly status for Moody's and McGraw Hill Financial's Standard & Poor's ratings unit following a threat to their businesses after they were blamed for helping inflate the subprime housing bubble. Moody's credit analysts [...]
The Treasury Department on Monday announced it sold the final chunk of General Motors (TICKER:GM) shares it held from the financial crisis. The $39 billion it received from its sale of GM stock cements a loss of about $10.5 billion for the American taxpayer.
NEW YORK (TheStreet) -- General Motors touched a record high Monday as U.S. Treasury Secretary Jacob J. Lew said the U.S. government had sold its last shares in the automaker, signaling that an important chapter in U.S. history was now closed. Three years after filing for bankruptcy and receiving about $50 billion in loans, GM managed to return to the returning to the New York Stock Exchange and return to profitability. Lew said the government had recovered $39 billion of its original investment in the Detroit-based automaker, for a $10 billion [...]
By Hal M. Bundrick NEW YORK (MainStreet) Minting your own currency, digital or otherwise, may be a trend to bank on. Bitcoin, the decentralized digital currency, has become a bit of a bottle rocket, recently soaring in value to $1,200, only to fizzle back to Earth, now hovering in the $700 range. The volatility is a result of Bitcoin speculators continually reacting to news and rumors of global payment and processing acceptance. Ripple, Litecoin, PeerCoin, anoncoin and dozens of other "altcoins" are competing to outbid bitcoin for consumer [...]