administration, The Associated Press has learned.
Two law enforcement officials said Tuesday the FBI is looking at potential fraud by mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE), and insurer American International Group Inc. (AIG) Additionally, a senior law enforcement official said Lehman Brothers Holdings Inc. (LEH) also is under investigation.
Whole story here.…
graduate of the Chicago Management Institute program at the University of Chicago, Graduate School of Business.
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Looking forward to hearing from you.
95% of their original salaries after being laid off and that when Toyota and GM sold as many cars and yet one recorded record profits and the other record debts ... you oblige not to evaluate these facts, you simply discount one of many sources.
As for the administration and Congress of next year, many are wedded to the same Union structure that has made us uncompetitive. Let us not forget video proof of Senator Dodd and Congressman Frank who mislead the American people on Freddie Mac and Fannie Mae only a year ago and voted against reforming the financial industry. It's not a left wing or right wing issue Stephen and I am saddened we reduce it to that level.
To that I salute Ford for making among te most innovative manufacturing facilities in the world located in Brazil ... which seems to make sense because government regulations and Union coercion make it impossible to create innovation and competitive markets to employ on our own country.
As for Karen, I thank you for your input, but I am not here to talk about CEO's as a matter of fact I could have referred to the Big Three CEO's flying in in their private jets ... but rather todays article evaluates one particular aspect that is crucial to the Automotive Industry collapse.
In several interviews I noticed not a single commentator could answer the question "What next" after the bridge loan" and could not confidently state that the Big Three would survive two years let alone one year after even $130 billion dollars of taxpayer bail out funds.
Would you loan your money to someone who continually knocks on your door and asks for more money and never gets to the root causes of why they are broke? I think not.
The issue remains even after the bailout .... even if fully funded that so long as the UAW strangles the Big Three into submission and lucrative pension funds rather than stock swaps within their companies to have a buy-in as shareholders .... ONLY a Chapter 11 reorg will solve the issue. Rather than hype, the truth is auto warranties will be honored, a chapter 11 would merely force renegotiation on a slew of contracts and allow us to restart the evaluation of root causes and create lasting remedies. A Chapter 11 is not a Chapter 7 and the stewardship over reorg would be brought under the Federal Government which I would think would be a positive to you Stephen.
The evidence to the contrary Stephen:
Stephen Strong said:That very fact that you cite Fox News as a source says all that an intelligent person needs to know about the veracity and depth of your rant. Add to that the links to the far-right Radarsite blog and the Detroit News, and you get a real snowjob of a rant. I'm just glad that a new President and Congress will be in power within the next six weeks to begin to put things aright.