real-time news and commentary for investors
Sunday, Jul 28
Lew quashes thoughts of Detroit bailout
- "Detroit’s economic problems have been a long time in developing. We stand with Detroit trying to work through how it approaches these issues… I think Detroit’s going to have to work with its creditors on this." - Treasury Secretary Jacob Lew, on ABC’s This Week
- SC Sen. Lindsey Graham has tweeted against a federal bailout. And on Thursday, Texas Sen. John Cornyn filed an amendment that would ban the federal government from bailing out financially troubled cities. Meanwhile, the AFL-CIO has called for the federal government to infuse Motown with cash.
- Muni ETFs: MUB, MUNI, PVI, PZA, SHM, TFI, VRD, HYD, ITM, MLN, PRB, SMB, SUB, GMMB, SMMU
- Detroit carmakers: F, GM, FIATY.PK