Posts Tagged 'bailout'

US Election In A Nutshell [pic]

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Christmas Cartoon – Santa Economics

original source

Bloopers, Blunders and Bailouts [pic]

I found this DVD for sale at Amazon. Believe it or not, it was released in 2004 and has absolutely nothing to do with politics or Wall Street.

Government’s Gasoline Bailout? [pic]

SHOE

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Do Not Buy GM Cars

It just gets more unbelievable everyday. GM takes taxpayer money to avoid bankruptcy, begins shutting US plants and now plans to build a new plant in China. If you plan to buy a new car, do not buy General Motors. Give Ford or Chrysler a shot.

gm-lemon-sm1

Bloomberg reports –

General Motors Corp., shuttering U.S. plants in a bid to avoid bankruptcy, is “likely” to build a new factory in China on surging demand.

Continue reading HERE.

Another Reason To Hate Wallstreet

Forbes reports that the oil price run up of 2008 may have been orchestrated by Goldman Sachs.

There is evidence of a malevolent hand at work: oil price manipulation by traders orchestrating a short squeeze to push up the price of West Texas Intermediate crude to the point that it would generate fatal losses in Semgroup’s accounts.

And yes, Goldman Sachs is getting bailed out.

Read the Forbes report.

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