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Показаны сообщения с ярлыком financiapocalypse. Показать все сообщения

Barack Obama Will Not Meet Rick Wagoner Without Preconditions [Financiapocalypse]

| вторник, 25 августа 2009 г.

Barack Obama took time away from talking about his mother-in-law and a college football playoff system to talk about the automaker bailout in an interview on CBS' 60 Minutes. While admitting Detroit needs help, he said it's important to make sure it's conditioned on the stakeholders (labor, suppliers, execs) coming up with a plan for a sustainable domestic auto industry as opposed to just giving out "a bridge loan to nowhere." Oh, yes, he went there. This was taped before the scary GM video, which at the very least we're hoping, convinced him to buy a Save GM t-shirt.



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CNBC's Jim Cramer: "Save GM...Or Risk A Great Depression!" [Financiapocalypse]

| понедельник, 17 августа 2009 г.

In between ads for CNBC's "Business of High End Prostitution" documentary airing tonight, we noticed the network's mega-mouthed Wall Street money mad-man says it's time for policy makers to "save GM" or else risk "10% unemployment" and the "Great Depression." We happen to think Jim Cramer's right. Is that Socialism? Who cares — we just read bankruptcy won't even be able to help GM because of their inability to secure financing after a declaration of Chapter 11. Yup, it'd be straight to Chapter 7 for the big automaker from Detroit. But, word on the street is that Pelosi's going to call for legislative help during the current lame duck session of Congress. Glad to hear it, because remember, the Financiapocalypse waits for no man, automaker or money maven!



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