Wednesday, January 21st, 2009
One thing you have to say about General Motors is that no company appears able to burn cash faster than them. Government money has already arrived, but according to the company, it just won't be enough. The company has already received a $4 billion dollar payment, but a ...
Posted in Business | No Comments »
Monday, January 5th, 2009
With 2009 "rang in" and Barack Obama officially taking Presidential office on January 20th with a gigantic "stimulus" package in hand, it's difficult to believe that there isn't a better solution to fixing the problems that America faces.
After campaigning with the motto of "change", Barack Obama's "stimulus" package, ...
Posted in World Economy | Comments Off
Sunday, January 4th, 2009
The average person these days in America has to get a sick feeling in the pits of their stomachs every time they think of the "bailout" of the financial industry. Credit lenders went crazy and lent money to anyone with a pulse, and now the taxpayers are bailing them ...
Posted in Stock Highlight | 1 Comment »
Friday, January 2nd, 2009
The US government is now a part owner of auto-loan lender GMAC. Uncle Sam has injected $5 billion of fresh capital into the struggling company. In exchange, they'll receive 5 million shares of preferred stock in the corporation. The shares come with an 8% annual interest rate ...
Posted in Stock Highlight | No Comments »
Tuesday, December 23rd, 2008
American Express, a company known for lecturing it's customers on financial responsibility, has taken a huge $3.39 billion from the government. The company, largely known for its' credit card operations, received the huge capital injection as part of the US government's bailout of the financial sector, also known as ...
Posted in Stock Highlight | No Comments »
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