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MarketFoolery

MarketFoolery: 08.22.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 22 August 2011

⏱️ 20 minutes

🧾️ Download transcript

Summary

Oil prices fall as the situation in Libya evolves. Bloomberg uncovers $1.2 trillion in secret loans by the Fed. And Burger King says goodbye to the King.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Monday August 22nd and this is Market Fullery.

0:05.0

I'm Chris Helen joining me in studio today from Motley Fool Pro, Jeff Fisher

0:09.0

and from Motley Fool Asset Management, Bill Mann and Bill Parker.

0:12.0

Guys, happy Monday?

0:13.4

We could be Motley Full Amateur

0:14.8

if you want to go that way to contrast us

0:16.7

a little bit with Pro.

0:17.6

Exactly.

0:18.3

Well, maybe we'll go there a little later.

0:20.8

Okay, so the Fed has been secretly loaning money to big banks and we have the end of an

0:25.6

error for one fast food icon. We will get to those in a moment, but we will start

0:29.9

overseas with the evolving situation in Libya.

0:35.0

Bill Mann, I'll just start with you.

0:37.0

Obviously, by the time this podcast is actually online, things may have changed completely

0:43.9

Gaddafi could be you know completely dethron but as opposed to mostly mostly but

0:50.1

but looking looking at this through sort of the investing lens,

0:56.6

oil naturally comes to mind.

0:58.7

What do you make of what's going on in Libya

1:00.6

and what it means specifically for oil companies.

1:03.1

Obviously this is pretty good news.

1:04.9

Libya is the sixth largest oil exporter in the world

1:08.0

prior to the Civil War.

...

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