From a sheer ulcer-inducing bout of aggravation perspective, dealing with a failing multinational corporation like General Motors is hands-down the winner on the hit-your-head-with-a-hammer scale.
How to destroy one of the oldest and most trusted brands in America.
The Plantation Caucus was temporarily outmaneuvered (no car-czar, no binding concessions until Obama takes over) as the White House pumped enough cash into GM and Chrysler for them to keep the doors open a couple months — with the added benefit that maybe GMAC (through which the funding will flow) will have enough capital to [...]
I smell fear. Fear that events and the excesses of those who share Krauthammer’s dementia are truly irrelevant, increasingly so in a world that is passing them by.
Why should they care when they’ve got friends who can spend $20 million on fireworks just to get their parties started and have brand new Nieman Marcus Christmas catalogs to drool over.
Paring the Big Three down to two is epic. Indeed, with a combined 35% share of the US market, the merger would result in the Big One and the other guys.
Why we should tax the bastards on Wall Street right down to their Armani socks.
The Chinese Premier believes we’re in this together and all should share in fixing the credit crisis.
The other day, I talked about the Chinese Central banks having no choice but to start cashing in US T-Bills (about half a Trillion Bucks worth) if the credit crunch leaves them without enough liquidity to keep their hyper-growth economy burning.
Today, despite denials that there was any central order from the government in Beijing, some [...]
Okay, I’ve had a chance to catch up on some sleep and mull over the Paulson Proposal to bailout all of Wall Street with the single largest government intervention into the “free” market of all time.
As you can guess, my reaction is still: ARE YOU FUCKING KIDDING ME?!?
I do hope this all spells the end [...]
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