GM stock

Update: 7/21/09 – Last week the “old” GM stock was officially delisted.  The ticker symbol was changed to MTLQQ to reflect the fact that it’s now the stock of Motors Liquidation Company.  And it appears that investors are starting to understand that the stock is worthless – it’s dropped back down to about 50 cents […]

Consumer Debt

Get used to this headline.  U.S. consumers fall behind on loans at record pace According to the story Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt and home equity loans to all-time highs in the first quarter as a record number of cash-strapped consumers fell behind on their bills. Delinquencies […]

GM grabs another $5 billion

According to Reuters, GM has managed to grab another $5 billion in US tax dollars today.  And the UAW is whining that they aren’t being treated fairly. “We need President (Barack) Obama and his auto task force to stand up for the interests of workers and retirees in these restructuring negotiations,” the union said in […]