Street News: Diamond's Resignation, Blackstone

Tue, 07/03/2012 - 14:12 EDT - Bloomberg - Video News

Street News: Diamond's Resignation, Blackstone

July 3 (Bloomberg) -- Bloomberg's Scarlet Fu reports on today's top news including Barclays' CEO Robert Diamond resigns, Blackstone jumps into residential real estate by buying foreclosed homes and BlueMountain Capital is a big winner by betting against JPMorgan's Whale trades. She speaks on Bloomberg Television's "Bloomberg Surveillance."
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Davis Nguyen thought long and hard about investing in foreclosed homes, but plunging interest rates convinced him that it was time to dive into the housing market. So the San Jose, California, man bought not one, but two investment properties.

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