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Auto Industry News

It is a sure sign of the times that the best news about the auto industry comes from a bankruptcy judge. Are we really that low? Unfortunately, yes. Both GM and Chrysler are doing their part to take attention away from the ludicrous spectacle the Treasury Department has put on during ‘stress test season’. More […]

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It’s Stress Test Eve … Oh Fun

I can hardly wait. After what seems like months of talk, leaks, and rumor we have finally arrived at what should have been a decisive moment in our economic crisis. Tomorrow is the day that the administration is going to release the results of its now infamous stress tests on our major banks. I say […]

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Bank Capital Inanity

There are times when I just feel like screaming. Reading the Financial Times today was one of those moments. On the front page of the Companies and Markets section was an article commenting on the surge in stock prices of major America banks. This surge was attributed to the relief spreading around Wall Street that […]

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