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A few weeks ago, Treasury Secretary Tim Geithner unveiled the Financial Stability plan, the next phase of government intervention into the…
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…
Yesterday, I mentioned a book coming out next week called "House of Cards." It's about the collapse of Bear Stearns. Another excerpt was…
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…
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…
I felt like I was watching a bad horror movie this morning as Fed Chairman Ben Bernanke testified before Congress. Bernanke said the government…
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….
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…
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." …
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…
