Auto-Bailout for Big Three?

December 2, 2008 | Comments Off on Auto-Bailout for Big Three?

In response to Kevin’s post, I have to take sides with the bankruptcy opinion.  The bailout, explained by Richard Shelby (thanks Oliver), seems to be providing a short-term solution.  The American auto industry is not even confident they will be able to pay the federal loans back.  The need for a major reconstruction of these […]

What to Do with Detroit?

November 21, 2008 | Comments Off on What to Do with Detroit?

Automakers this week went before Congress to try to convince them that they needed a $25 billion bailout to avoid a massive disaster that would result in the loss of millions of American jobs.  Congress remained unmoved.  Congress gave the executives of these companies a little under two weeks to come up with a plan […]

Is the Federal Bailout Plan Enough

September 26, 2008 | Comments Off on Is the Federal Bailout Plan Enough

This past week has not been kind to Wall Street. Just shortly after the government takeover of mortgage buyer giants Fannie Mae and Freddie Mac, Wall Street entered into a major downward spiral. The investment bank Lehman Bros. declared Chapter 11 bankruptcy, American International Group faced a downgrade, Merrill Lynch was bought by Bank of […]