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Marc Faber: Fed Policy Will 'Destroy The World'

Marc Faber Interview Still

Marc Faber, publisher of the 'Gloom Boom & Doom Report', told Bloomberg Television’s Betty Liu on 'In the Loop' Friday that “the fallacy of monetary policy in the U.S. is to believe this money will go to the man on the street. It won't. It goes to the Mayfair economy of the well-to-do people and boosts asset prices of Warhols.

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Goldman ordered to repay $80m

Goldman Sachs must repay $80m with interest that National Australia Bank invested in a mortgage security before the financial crisis, a Financial Industry Regulatory Authority arbitration panel said.