Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

18 Jul 2011 23:23

tags

World: The US Treasury is running low on cash

  • 29 companies have more money than the United States Treasury
  • 7 of those companies are based in America source
  • » The American companies include: Bank of America, JPMorgan Chase, Morgan Stanley, Goldman Sachs, and Freddie Mac. Two of the top three companies on the list are Chinese. On the upside, the Treasury has as much money as Google, so that’s kind of a nice consolation prize.
Posted by Seth Millstein • 0 Comments • Permalink

16 Mar 2009 09:34

tags

Biz, U.S.: Ben Bernanke: We COULD be out of the woods by late ’09

  • We’ve seen some progress in the financial markets, absolutely. But until we get that stabilized and working normally, we’re not going to see recovery.
  • Federal Reserve chairman Ben Bernanke • On the recession and the biggest problem – the clogged up credit and financial markets. Bernanke said that if things ease up, the recession could end this year. Also, he was on “60 Minutes” last night, where he mentioned he’s “slammed the phone more than a few times on discussing AIG.” • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
top tags