bailout
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6
The truth Hertz
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Mar 5, 2009
GM finally acknowledged today in its annual report that its survival is in "substantial doubt." GM said it could be forced to file for bankruptcy...
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Wow, somebody doesn't like Geithner
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Mar 4, 2009
Yesterday, I mentioned a book coming out next week called "House of Cards." It's about the collapse of Bear Stearns. Another excerpt was...
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AIG makes me angry too
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Mar 4, 2009
The more I read and think about AIG, the closer I get to having a conniption. Even Bernanke said it yesterday: nothing makes him angrier than the...
14
Drive 'em into the ground
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Mar 3, 2009
The latest car sales numbers just came in, and they truly are bad enough to make a grown man cry. GM and Ford sales fell by half in February. At...
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Dracula, the insurance company
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Mar 3, 2009
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government...
5
Greed and blindness
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Mar 3, 2009
There's an ugly, human thread that runs through all of the collapses and fraud on Wall Street. Two items I read this morning point it out clearly....
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Burning down the house
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Mar 2, 2009
Q: What happens to money when you throw it into a fire? A: The same thing that happens when you give it to AIG. Today's 4th bailout of the...
1
If it quacks like a duck...
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Feb 27, 2009
At this economic bloggers conference I'm attending, we had a discussion last night about how no one in charge will say the word "nationalization." ...
4
Airplane Reading
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Feb 26, 2009
I read some interesting stuff on my flight to Kansas City, which I'll get to in a moment. But first, my flight. I don't fly Southwest often, but...
0
Just take your clients to Putt-Putt
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Feb 25, 2009
Now that Northern Bank's been busted for hosting a golf tournament, the other bank lemmings are lining up to do their part. Today, Morgan Stanley...
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