The Federal Reserve announced Friday that its balance sheet soared to $4 trillion by the end of last year. In efforts to revive the United States economy, the nation’s central bank made immense asset acquisitions of $1.1 trillion as part of its monthly $85 billion quantitative easing … [Read more...]
US Treasury is Expected to Lose Billions on General Motors Stock Buyback
The US Treasury is expected to lose billions of dollars when it sells its remaining stake in General motors over the next 12 to 15 months. General Motors plans to pay $27.50 per share—an 8 percent premium over the Dec. 18 closing price—but well below the $33 price set in November … [Read more...]
