Dude, I’m Serious – Where’s My $50 Billion?
This is a follow on to an earlier post: http://www.deborahwright.com/2009/07/dude-wheres-my-50-billion/
I just read that GM is drawing down more of its $50 billion taxpayer-funded bailout escrow fund. This made me wonder again about that great big $50 billion loan we, the taxpayers, made a year ago. At that point, it was to a loan to tide [...]
Are We There Yet?
Excerpt from an interesting post by Barry Ritholtz regarding the housing market.
Dude, Where’s My $50 Billion?
GM emerged from bankruptcy today. It was announced with all the expected fanfare, CEO Fritz Henderson saying: “This is an exciting day for General Motors, one that will allow every employee, including me, to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers.” [...]
When the Walls Come Tumblin’ Down
I read an interesting article today detailing why we are only halfway through the housing collapse. Following is a summary – the article and its attendant slide show are here: http://www.businessinsider.com/henry-blodget-and-now-a-brief-update-on-the-mortgage-collapse-2009-7#comments
“We are in the “middle innings” of the mortgage and foreclosure crisis
Banks have taken less than half of the losses they’ll ultimately have to recognize [...]
Judgement Day
Obama To Hold Job Performance Review With Every American Worker
PPIP: Now You Don’t See It, Now You Do
Apparently, the Treasury is close to naming the nine fund managers who will operate the PPIP…
Czarry, Wrong Number
It seems the czar issue is catching fire (see earlier post: http://www.deborahwright.com/2009/06/here-a-czar-there-a-czar/); a quick search of the web yielded several posts, letters, and editorials, some of which I have included here:
Ths Dallas Morning News worries that the Pay Czar could influence pay of all executives, not just those receiving bailout funds: http://tinyurl.com/l6obws
The Worcester Telegram believes that [...]
US to Trade Gold Reserves for Cash
US To Trade Gold Reserves For Cash Through Cash4Gold.com
Here a Czar, There a Czar, Everywhere a Czar Czar
So, now we have a Pay Czar…
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