Ever wonder why Gm is going BK one week then saved the next? Over and over and over......
Who are they messing with? It's not the unions.. it's the bondholders, who have not blinked yet. Be careful or your bonds will be GM shares soon. Aka... worthless.
Reading a bit about this. It seems to violate contract law. You can not, or should not be able to, subordinate the first lender. There are no rules anymore.
I can't believe he sold the CIA down the river like that. He is going there today to give one of his speeches. They are professionals, they will sit there and listen, but they were sold out and they wont forget it.
Certainly possible, Id rather play with the Es though, if they don't sell the news in MS.
Obama wants to see Cof in person Thursday, I hear he is not a fan. Dark clouds for the usury business.
Great points about taking responsibility for one's own investments but these people trusted Wall Street for a reason. The same way if they became ill they would trust a highly rated doctor. If they got in trouble they would trust a highly rated lawyer. You do not operate on your own heart...
Lets see if Zero Hedge's no liquidity plays out.
Unless, Obama changes his mind and thinks market should go up when he wakes up, at the expense of retarded Joe Sixpack of course.
Remember when Geitner was having problems early on? It was Axelrod. He lost out, Geitner won. Take this with a grain of salt. However, some will not test well and this is a bit of a change. Some on the street were saying all would pass with flying colors. How much faith can we put in...