Tags: nationalization
GMAC now going for third bailout
October 29th, 2009
Looks like GMAC, Chrysler's lending arm, is going to get a THIRD bailout from the government. Why? Because it couldn't raise enough capital on its own. more »
Chrysler is no bed of roses, either
June 7th, 2009
You thought the car furor was over, didn't you? GM bankrupt, Chrysler sold to Fiat, Ford hanging on for dear life...well guess what, it's just beginning. more »
The GM coup
June 1st, 2009
That adds up to 72.5% of the company going to governments, folks. GM's "bankruptcy" is merely an excuse to have it nationalized by our government...and Canada's. Okay, I admit I didn't see the Canada part coming. On top of this, all the private citizens who COULD potentially have bought GM, through shares? Yeah, they're "expected to be wiped out". more »
Transportation Secretary wants people out of their cars
May 29th, 2009
The Secretary of Transportation would like to "...coerce people out of their cars." more »
Yes, those bankers WERE forced to let the Fed buy stakes in them
May 17th, 2009
Remember that story about a bunch of large banks being corralled by the government, then told that they HAD to let the government buy large stakes in them? more »
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