GM in doubt

3.05.09- General Motors, which has sucked in $13.4 billion from the feds (aka the taxpayers’ children) and is requesting billions more, disclosed in its annual report today that its very survival was in “substantial doubt.” The auto industry is almost as pathetic as the banking sector – and the misery is not going to [...]

The NY Times Stinks at News Analysis

Should General Motors file receive a financial bailout from the U.S. government, or should it be left to deteriorating market conditions that will lead to a bankruptcy filing? This is the question put forth by a NY Times “News Analysis” piece entitled “G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout .” Unfortunately, this article [...]

Next Generation Financing