Obama Man Sets Executive Pay!
Don’t get us wrong, we can’t stand AIG, Citi, GM or any of this country’s new “bailout babies …”
After all, a self-respecting company would have […]
Calling the U.S. taxpayers “reluctant shareholders” (boy does he ever have that right), President Barack Obama unveiled the path to nationalization for General Motors, […]
GM: The Good Ole Days
After a century in business, General Motors will cease to exist as a private company in this – its 101st year.
Technically, it should have died […]
GM Shareholders: Not Gonna Do It
General Motors’ bondholders flat out rejected a government-union “nationalization” plan today, meaning that the granddaddy of all American automakers is headed for bankruptcy court.
The bondholders […]
$30 Billion More For GM?
General Motors could be on the verge of receiving another $30 billion in federal loans – or twice the amount it received when it was […]
“Government Motors” Loses $6 Billion
Three years ago, back when Lindsay Lohan was vivacious and General Motors was profitable, our favorite starlet slipped a nipple at an event sponsored by […]
You Knew This Was Coming
Rick Wagoner, under whose “leadership” GM lost tens of billions of dollars and tens of thousands of jobs, will drive away with a $20 million […]
Big Brother Is Driving Now
Barack Obama fired the CEO of General Motors last night … except obviously that’s not what “happened.”
Rick Wagoner resigned, technically, at the behest of the […]
Stocks Seeing How Far The Rabbit Hole Goes
They should have known better. Or had a V-8. Or taken the blue pill …
Either way, yesterday’s modest stock market gains have been completely erased […]
GM, Chrysler Want $22 Billion More
When former President George W. Bush ill-advisedly forked over $17.4 billion to General Motors and Chrysler two months ago, the two struggling automotive giants were […]
Ford Says “No Thanks” To Bailout
Staring down a $14.6 billion loss for 2008, Ford Motor Co. is still refusing to join fellow U.S. automotive giants Chrysler and GM in the […]