what does this say about the treasury dept aka PONZILLA..i guarantee sometime later next year the treasury/fed is gonna say they DON’T HAVE ENOUGH MONEY FOR ALL THE PLEDGED BAILOUT CAUSE CHINA DIDN’T BUY ALL THE DEBT TO FINANCE THEIR PONZI SCHEMES.
Kuwait Scraps Dow Chemical Venture, Imperiling Rohm & Haas Deal
Dec. 28 (Bloomberg) — Kuwait [...]
“Dec. 23 (Bloomberg) — General Motors Corp. Chief Executive Officer Rick Wagoner said the biggest U.S. automaker got “what we asked for” with $9.4 billion in U.S. loans over the next 24 days. Investors bet that it’s not enough.
GM tumbled the most in more than a month yesterday in New York trading, while credit-default swaps [...]
With 2009 US car sales projected to be only 9 million vs. 16 million in 2007, I’ll bet that GM will eventually have to declare bankruptcy:
Moorlach Sees Up to 10 Municipal Bankruptcies in Coming Year
Dec. 23 (Bloomberg) — The accountant who predicted the nation’s largest municipal bankruptcy says as many as 10 insolvencies will roil [...]
He’s right, this a Grand Casino, not for investors. Nobody in their right mind would invest in this mess. This a place to steal money and speculate. It’s fun and exciting. No one will ever trust the stock market again. You could be wiped out in a day. People invested for 10 years and have [...]
Just like TARP, those of us who thinks Congress will listen to the people are sadly mistaken. The sheeple were dumb enough to vote them in and they don’t give a rats what we think. What this report really tells you is how low the big 3 figures are! The report by the law firm [...]
“The economy has suffered a heart attack. It needs careful attention,” said Mohamed El-Erian, co-chief executive officer of Pimco. Economists at Goldman Sachs and other top firms are ” steadily revising ” down their earning forecasts and hiking their unemployment expectations from 8 % to as high as 10 % if not higher in some [...]
The length of the article is long but worth to read.
By Mike Ramsey
Nov. 11 (Bloomberg) — General Motors Corp., burning cash as U.S. sales slide, is being pushed closer to bankruptcy as it waits to learn whether the auto industry will win a new round of government loans.
The shares slid for a fifth day on [...]
By Christine Harper
Nov. 6 (Bloomberg) — The most senior executives at Wall Street firms will have their bonuses slashed by as much as 70 percent, more than other employees, amid falling revenue and political pressure, according to a report by Johnson Associates.
The executives whose pay is disclosed in public filings will have the [...]
By Saijel Kishan
Nov. 3 (Bloomberg) — Blue Mountain Capital Management LLC froze its largest hedge fund after clients asked to pull a “meaningful percentage” of their money even as it outperformed the industry average by almost 10-fold this year.
The $3.1 billion Blue Mountain Credit Alternatives Fund declined 2.4 percent through October, compared with the 19.6 [...]
Yingli Green Energy to Assist Customers with Access to Project Finance Solutions
BAODING, China, Oct 21, 2008 (BUSINESS WIRE) — Yingli Green Energy Holding
Company Limited (YGE) (”Yingli Green Energy” or “the Company”), one of the
world’s leading vertically integrated photovoltaic (”PV”) product manufacturers,
today announced that it will assist its customers with access to project finance
advisory services and [...]
Current U.S. Economy Causes Seniors to Give Less, the Young to Give More
Grizzard survey indicates age gap between those that are more likely to increase
donating habits from 2007
ATLANTA, Sep 02, 2008 (BUSINESS WIRE) — The Grizzard Communications Group, an
industry leader in integrated, direct response marketing and fundraising, today
announced the results of a survey investigating the [...]
GM swings to massive second-quarter loss
By Shawn Langlois, MarketWatch
Last Update: 8/1/2008 7:45:00 AM
SAN FRANCISCO (MarketWatch) — General Motors Corp., scrambling to right-size its
operations and shift production toward smaller cars, reported Friday another
massive loss as customers’ shift away from its profitable truck and SUV lines
gathered momentum.
Before the bell, GM (GM) said it swung to a second-quarter [...]
U.S. foreclosures in the second quarter more than doubled from the year-earlier
quarter and rose nearly 14% from the previous quarter, RealtyTrac said Friday.
“Although much of the fallout from foreclosures is being driven by rampant
activity in a few states, such as Nevada, California, Florida, Ohio, Arizona and
Michigan, most areas of the country are seeing at least [...]
By Greg Miles and Caroline Salas
“July 22 (Bloomberg) — General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University’s Stern School of Business.
“Both are in very serious shape and the markets [...]
Focus Media Announces US$100 Million Share Repurchase Program
SHANGHAI, China, July 16, 2008 /Xinhua-PRNewswire via COMTEX/ — Focus Media
Holding Limited (FMCN), China’s leading multi-platform digital media company,
today announced that its board of directors has approved a share repurchase
program. Under the terms of the approved program, Focus Media may repurchase up
to US$100 million worth of its issued [...]
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