Mark Twain said, “If you don’t read the newspaper you are uninformed, if you do read the newspaper you are misinformed.” If one read the newspaper lately, you’d have seen that it’s getting pretty crazy; we’re bailing out Wall Street, we’re bailing out banks, we’re bailing out car companies…In fact, there was a special box
Chrysler
Watching US auto CEOs in front of Congress asking for money to help them fight competitors who are crushing them is like watching Dirk Diggler in his Boogie Nights downfall. Below is what Dirk says to the recording studio when he can’t pay for his demo tapes to bring to the record company. Is the
Auto Bailout Update The three big domestic automakers are now saying they are working jointly on a new hybrid car. It runs on a combination of state and federal bailout money. Today marks the major automakers’ deadline to submit restructuring plans as part of its $25 billion bailout package. Conan O’Brien quipped, “A new study
Treasury has said from the beginning that the TARP funds will follow two primary rules: (1) Treasury needs flexibility to adapt the allocation strategy according to market conditions, and (2) funds would only be allocated to industries or firms whose failure would cause a catastrophic meltdown in global economies. It can be argued that US