CHRYLSER and GM?

I am bemused to read of the possible merger of General Motors and Chrysler . . . but befuddled why the plans don’t include Ford, not to mention American Motors, Pierce-Arrow, Hudson, Bricklin, DeLorean, Studebaker, Dephi and Dana. If everyone gets in now, there will be government bailout money for all.
GM and […]

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The Gift of Prophecy?

Here are excerpts from an (in)auspicious email I received in April of this year from close friend, an investment banker in New York. Note his predictions about Lehman, AIG, Freddy Mac, Fannie Mae, Merrill Lynch. And the autos?
Michael –
The US is in one of the worst recessions in living memory, not […]

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Follow the Money

Did you know that Lehman Brothers:

Paid its regular cash dividend on August 25, 2008?
Announced on September 10, 2008 that it would slash its dividend from 68 cents to 5 cents. (It did not have a nickel even on September 10th.)
[…]

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