Morning Roundup: Who Are the Lucky Winners of the Federal Reserve Sweepstakes?

Tune in to the Federal Reserve’s website today around noon to find out who were the lucky recipients of $3.3

  • Tune in to the Federal Reserve’s website today around noon to find out who were the lucky recipients of $3.3 trillion in emergency funding during the financial crisis. How much did AIG get? Bear Stearns? Matt Taibbi is going to be pissed. [Bloomberg]
  • Federal Reserve Chairman Ben Bernanke said that the high unemployment rate is taking a terrible toll on American families. [NYT]
  • The toll is about to run higher; 2 million people will soon lose their emergency unemployment benefits, just in time for the holidays! The cost of these benefits was $160 billion last year. [AP]
  • Morgan Stanley (MS) is trying to rebuild its commercial real estate business by buying crappy buildings. [WSJ]
  • Google (GOOGL) is getting ready to buy Groupon, the deals site with the stupid talking cat, for $6 billion. [Reuters]

mtaylor [at] observer.com | @mbrookstaylor

Morning Roundup: Who Are the Lucky Winners of the Federal Reserve Sweepstakes?