News
Market Watch | ECB allots $713 billion to banks in LTRO
European banks grabbed a larger-than-expected 529.5 billion euros ($713.4 billion) in cheap loans Wednesday, in the European Central Bank’s second and possibly last long-term refinancing operation.
CNN Money | Fed turns $2.8 billion profit on AIG bonds
"The completion of the sale of the Maiden Lane II portfolio has resulted in significant gains for the public and marks an important milestone in the wind-down of the extraordinary interventions necessitated by the financial crisis," William Dudley, president of the New York Fed, said in a statement.
Politico | Federal Reserve should focus more on inflation, bill says
Arguing that Federal Reserve Chairman Ben Bernanke isn’t taking the threat of inflation seriously enough, Rep. Kevin Brady (R-Texas) is building support for a bill that would make managing inflation the central bank’s sole mission.
