According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its…
It may be old school but for every action their is an equal and opposite reaction. Take the auto bailout. It turns out that creating a car czar with special powers over…
Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House. In other words, in theory. But now fresh reports…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the…
According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that…
Cutting jobs is one thing. Going out of business is another. As it becomes clear that millions of jobs will be lost by companies which are weak but will probably make it…
"Ecce Auto" (Behold the car). With that back of the hand brush off, the 110th US Congress just left the future of the American auto companies to be worked out next year…
Czar Nicholas II is not available due to his untimely demise, so Congress and the administration will have to find someone else to act as the "car czar", the role of making…
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for too long. It trades at $.24. Extraordinary, because it 52-week high is $140.50. Losses…
The latest and one of the most bizarre aspects of the decision of whether the US government will make loans available to bailout Detroit is the battle over which federal agencies can…
The Big Three restructuring plans submitted to Congress make good bedtime reading. The programs are full of assumptions which, taken as a whole, indicate that the entire US car industry will be…
Ford Motor Co. (NYSE: F) just released its November auto sales, and it is pretty hard to get excited about the data. The company sold 118,818 units in November, below the 119,000…
Ford Motor Co. (NYSE: F) is submitting its plan to Congress, and interestingly enough it does not sound as dire as some might have guessed based upon the auto company’s prior presentations. …
Douglas A. McIntyre Look at the GM (GM) 10-Q. The company had $3.3 billion in sales, general, and administrative expenses. That is all of those white collar workers, the R&D and product development staffs, the…
A lot of fat, pork-barreling Congressmen who are supposed to vote on an auto bailout just want to go home for the holidays. Many of them are out of work. They were…
