Taxpayers may lose on bad debt
Bloomberg: "The U.S. Federal Reserve may lose as
much as $6 billion on a portfolio of mortgage-backed assets it
took over from Bear Stearns Cos., according to Bank of America
Corp. analysts."
- Replace US fed reserve with us and now we're closer to the truth. Vultures are making money off this but it won't be the taxpayer.
- Replace US fed reserve with us and now we're closer to the truth. Vultures are making money off this but it won't be the taxpayer.
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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