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Tag Archive for 'nardelli'

$25 billion in perspective

Peggy Risley of Blanchard Gold sent an e-mail around, detailing steps the government has taken so far in this financial crisis. I haven’t done my usual fact checking on this but it seems right. Here’s the list (edited somewhat):
Wall Street

$1.6 trillion in loans to banks so far in exchange for otherwise unwanted collateral. The Fed [...]

The Three Stooges of Detroit

The pathetic performance by the CEOs (Moe, Larry, and Shemp) was almost enough to make me change my mind about supporting aid for the automakers. They were that bad. Did their PR departments have any clue how to prepare them, or did they all just go off the reservation on their own?
Did Wagoner actually object [...]


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