Morning Roundup: Possible Profit on GM Bailout

  • The Federal Reserve is asking bond investors, “What do you think we’re going to do in the Treasury market, and what do you think will happen because of it?” [Bloomberg]
  • The Obama administration has reached the unremarkable conclusion that legal holdups to the foreclosure process could be a major drag for a fragile housing market. [NYT]
  • General Motors, the bailed-out automaker, is planning an initial public offering for next month. The government could break even on its investment in GM — if the stock remains at a certain price for months if not years. [WSJ]
  • JPMorgan Chase and HSBC have been sued for conspiring to push down the price of silver — to make a profit. [Reuters]
  • Initial jobless claims dropped for the third straight week to their lowest levels since July. [MarketWatch]

mtaylor [at] observer.com | @mbrookstaylor