The goverment rejected the automaker restructuring plan, asked for GM CEO to resign and better terms with unions. This is exactly what should have been done with banks. Get rid of their lousy management, reduce the ridiculous pay that financial folks get and not just dump money at them.
I’m glad the administration is talking a [...]
Archive for March, 2009
Automakers vs. Govt.’s Tough Stand
Posted March 30th, 2009 by Sidd | No CommentsIs this really the bottom?
Posted March 2nd, 2009 by Sidd | No CommentsThe Dow is now below 7000, below even 6900. AIG posted the biggest loss ever posted of nearly 62 billion dollars. HSBC is closing it’s consumer loan business in the US as it posted a 70% drop in profit and is laying off thousands. The feds pumped 30 billion more into AIG making their investment [...]
