A few minutes ago, Barack Obama began announcing that Chrysler enters Chapter 11 bankruptcy, but with the support of the agreeable lenders and shareholders, with JP Morgan, Fiat [FIATY], Daimler (Mercedes-Benz) [DAI], the Canadian government, Chrysler management, and the unions onboard with the announcement. This is certainly interesting: there is a hoped-for accelerated reorganization that, [...]
finance
Here’s a curious statement made to me at a local Starbucks yesterday: “I got hit hard by the stock market over the past two years, but I’m getting some money back from the IRS.” Wow. So was any of this money from that consumer stimulus package? Apparently not; it was from the taxpayer having overpaid [...]
At first, it sounded like Donald Trump was just getting a bit fed up with dealing with the Trump Entertainment Resorts [TRMP] board of directors. Something about having to struggle with the company’s bondholders. So he quit, as reported on February 13, 2009. All right. But then, today (the next day) Donald finalizes his purchase of the [...]
Remember several days ago, when I’d been roaming the streets and offices around the Washington DC metropolitan area, tapping into the collective mindshare of the American people and listening to what they were most concerned about with the incoming administration? In a (somewhat) bold-ish move, a couple of minutes ago, during Obama’s lecture on what [...]
