The new plan for GM and Chrysler unveiled yesterday by the administration has caused quite a stir, especially among the bondholders and the UAW. The reason: President Obama, in his presser regarding the plan,...
I Haz a Headache. GM’s stock price took a big hit today as it lost about 25% of its already middling value. The company, despite well-publicized efforts at resuscitation, is again on a gurney...
At another website where yesterday’s TWSA! entry is stashed, iReport.com, a commenter pointed to her own entry about another hypocrisy in the strident southern resistance to the Big 3 plan. Here’s her blog entry:...
Yesterday, following the rude demise in the Senate of a legislative response, my hope for the Big 3 and, by extension, the economy, included most prominently the use of Troubled Asset Relief Program (TARP)...
Welcome to the Lesser Depression. With a procedural vote of 52 to 35 the Senate voted to not proceed to consideration of the $14 Billion Big 3 auto loan package passed by the House...
Still sick, but thought I’d post this video, if only to pester your reader. If you think of Woody as, let’s say, the auto industry or, far more appropriately, the financial industry, the bank...
Wage Wars. There’s a very fine essay at Down With Tyranny (DWT) discussing and roundly criticizing the growth of the distorted claim that auto workers, on average, make $70.00 per hour. As you can...
