Currently viewing articles tagged with Bailout.
It seems Americans are in for more of the same legislative gridlock as before the election. How Congress deals with the looming fiscal cliff will be telling.
Once upon a time (actually 1994), in a not so distant land (Wall Street, in fact), there lived a king (the CEO of JP Morgan) who sent his underlings down to a swanky resort in Florida to figure out how to make more money. It wasn’t that his bank didn’t have enough money, it was just that the king wanted more for himself.
Above and beyond the spin used by GM and Treasury to convince taxpayers that GM had used its own profits to repay a public loan, the larger questions remain, ones not raised since the famous equation of GM’s interest with those of America.
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