A car industry bailout may save GM (GM), Ford (F), and Chrysler for a few months, but it is likely to set a painful precedent for governments in Asia and Europe. If…
Correction: Based on the financial contribution of GM subscribers to the Sirius P&L, the satellite radio company would not have an immediate loss of earnings if it were not selling product through…
Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94. Citigroup (C) Still concerns that bank can…
When it comes to the trouble with the US car industry and a potential government bailout, the first and most important consideration is that no one is at fault. The dog ate…
According to Reuters, Japan has fallen into a recession. Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses. Reuters reports that a poll showed that many…
With the Fed and Treasury apparently willing to sit on the sidelines while GM (GM) and Chrysler run low on money and head toward possible bankruptcies, it has been left to Congress…
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that…
There is a perception among investors and government officials that GM (GM) CEO Rick Wagoner will say anything to save his job. He has argued hard and often that people will not…
According to Reuters, Japan will supply money to the IMF. Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank. Reuters reports that the US may need to insure wholesale…
GM’s (GM) shares are up almost 15% to over $3.25 on new hope and old rumors that the government will bailout the company. Both Obama and a number of members of Congress…
Douglas A. McIntyre Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong…
General Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24. Genworth (GNW) Moody’s downgrade causes shares to plunge to $1.19 from 52-week high of $28.21. Tyson Foods…
JPMorgan likes GM’s (GM) bonds. On the surface what is not to like? According to Reuters, "GM’s benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the dollar, from…
Douglas A. McIntyre By John Tamny of RealClearMarkets Ludwig Von Mises once wrote that the entrepreneur who fails to use his capital to the "best possible satisfaction of consumers" is "relegated to a place in…
Douglas A. McIntyre According to Reuters, a weakening economy in China and poor US earnings are causing concern that the recession will be deep and long. Reuters writes that Vodafone (VOD) cuts its full-year revenue…
