On Thursday's edition of The Motley Fool's MarketFoolery podcast, host Chris Hill and analysts Matt Koppenheffer and David Hanson take a deep Foolish dive into today's top investing stories.
Shares of General Motors were up today on the news that the U.S. Treasury Department would be selling its remaining shares of GM by the end of the year. The sale will allow the government to recoup $39.6 billion of its original $49.5 billion GM investment. In the lead story on today's MarketFoolery, Matt and David discuss why this will be good for GM in the long run and why the government could have benefited from holding on to its shares longer.
Then, now that JPMorgan Chase has agreed to settle for a record-breaking $13 billion in the case brought against it by the U.S. government over its involvement in the sub-prime mortgage scandal, which bank will be next in line? Our analysts discuss who these fines actually punish, why it is so difficult to pursue criminal charges against individuals involved, and which banks may be next.
And finally, they take a look at what makes them nervous about bitcoin.
Chris Hill has no position in any stocks mentioned. David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America, Citigroup, and JPMorgan Chase. The Motley Fool recommends and owns shares of Bank of America. It recommends General Motors and owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.