U.S. states will face more
financial stress next year, as stimulus spending comes to an end. This could hurt municipal bonds and ETFs like iShares S&P Natl AMTFr Mncpl Bd Fd ETF (NYSE:
MUB).
Federal Reserve Chairman Ben Bernanke told executives from IBM (NYSE:
IBM) and Ford (NYSE:
F) yesterday that he was concerned about the
jobless rate in the country.
Lawyers from the SEC felt compelled to end the
Bank of America (NYSE:
BAC) case quickly, in which the bank didn't fully disclose the losses at Merrill Lynch.
The Federal Reserve will name the recipients of
$3.3 trillion worth of federal aid, as requested by Congress. The report is due out later today.
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