Tagged: billion

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U.S. Public Debt Surges By $175 Billion In One Day

BY SRSROCCO After the U.S. Government passed the new budget and debt ceiling increase, with the President’s signature and blessing, happy days are here again.  Or are they?  As long as the U.S. Government can...

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Wells Fargo’s plunged 9%, Warren Buffet lost $2.4 billion

Following Friday’s stunning announcement by the Fed penalizing Wells Fargo, and effectively quasi-nationalizing America’s largest mortgage lender (or maybe not largest any more), ordering it to “stop growing” until its gets its criminal house...

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$3.2 Billion Vaporized

by Adam The blow-up in two inverse-VIX ETNs has vaporized nearly $3.2 billion in investor funds overnight. From Zero Hedge: After the close last night two US listed inverse VIX ETFs (XIV and SVXY)...

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Illinois Considers $107 Billion Dollar Gamble

From Birch Gold Group Illinois is considering a last-ditch attempt at saving its public pension plan. We discussed before how the Midwestern state is the epicenter of the U.S. public pension crisis. They’re now moving toward...