Stock shares close in on record low. General Motors (GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough luck investors. But this is Government ... MORE
Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Ed Carson: GM Bailout Has Now Cost Taxpayers $35 billion
Stock shares close in on record low. General Motors (GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough luck investors. But this is Government ... MOREShikha Dalmia: Detroit's Run Out Of Other People's Money
Motown is overtaxed and broke as a joke. A sigh of relief swept through Detroit recently after a judge threw out a legal challenge to the “consent agreement” the city just signed with the state to clean its books and avoid bankruptcy. The lawsuit, filed by the city’s megalomaniacal legal counsel, represented a level of overreach ridiculous even by ... MOREMartin/Snyder: Taxpayers Bitten By Crony Capitalism Again
Another Solyndra-type boondoggle goes up in smoke. Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete. Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said ... MORE
Barry Poulson: Greatest Threat To Our Economic Freedom
The silent bailout of the states. A conflict has emerged between states that have pursued prudent fiscal policies versus those that have been profligate in their spending, accumulating crippling amounts of debt. While the danger of this disparity has not yet captured public attention, the “silent bailout” of these fiscally irresponsible states by the ... MOREJohn Ransom: Darrell Issa's Discovery Summer
Shining light in dark places. With the presidential campaign in full gear, expect Darrell Issa (R-CA), chairman of the House Committee on Government Oversight and Reform to expand his public probe of the Obama administration’s green crony program that included risky loans to below-investment-grade companies like now-bankrupt Solyndra. The ... MOREWSJ Op-Ed: Vulture Capitalism? Try Obama's Version
Profit-driven economy beats political favoritism. President Obama is no fan of Mitt Romney-style "vulture" capitalism. So what's his alternative? All those Republicans grousing about the president's attacks on private equity might instead be seizing on this beautiful point of contrast. Mr. Obama, after all, is no mere mortal president. Even as he's ... MOREArmstrong Williams: Government And Capitalism
False stimulation masks reality. Are we not judged by God relative to our kindness to the downtrodden and the disadvantaged? Maybe. But since God created this planet and everything on it, including the laws of nature which dictate that the strong survive and the weak perish, why are models based on those laws so frequently disregarded? Can ... MOREDoug Casey: Sociopathy Is Running The U.S.
When demise becomes "a mat ter of psychology." I recently wrote an article that addresses the subject of sociopaths and how they insinuate themselves into society. Although the subject doesn't speak directly to what stock you should buy or sell to increase your wealth, I think it's critical to success in the markets. It goes a long way ... MOREJames Poulos: A Permanent Captive To Crony Capitalism
Live by the government, die by the government. For multibillion-dollar 4G LTE startup Lightsquared, the lesson is simple: live by the government, die by the government. For the rest of us, the unfortunate truth is that a vast and growing swath of the economy is, in effect, permanently captive to crony capitalism. As The Washington ... MOREMark Steyn: The Sun Also Sets
National debt to enter its "sudden" phase. I was in Australia earlier this month and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction, and that, therefore, the trick was to ensure that, when the behemoth goes over the cliff, you’re not ... MORER. Emmett Tyrrell Jr: The Overextended America
Rejecting the entitlement state for freedom and choice. We in America today live in a country circumscribed by entitlement policies devised by an America that has steadily been disappearing. Those policies established over a generation ago cannot possibly in mathematical or demographic terms support the America of the present much less the America of the ... MOREEthan A. Huff: Obama Turns Crony Capitalism Green
Firms burn through tax dollars, give bonuses, go bankrupt. The Obama Administration's green energy development program, which has leveraged billions of taxpayer dollars into high-risk green energy startups, is rapidly turning out to be one of the biggest financial scams on the American people in recent history. A new investigative report by ABC News ... MORE
Thomas Sowell: Getting Nowhere, Very Fast
A spending spree with other people's money. California has a huge state deb and Washington has a huge national debt. But that does not discourage either Governor Jerry Brown or President Barack Obama from wanting to launch a very costly high-speed rail system. Most of us might be a little skittish about spending money if we were teetering on the ... MOREWilliam Yeatman: Another One Bites The Dust!
Another green energy stimulus recipient, that is. Earlier this week, Stimulus beneficiary Evergreen Energy bit the dust. Then, Ener1, a manufacturer of batteries for electric vehicles and recipient of Stimulus largesse, filed for bankruptcy. And today, the Las Vegas Sun reports that Amonix, Inc., a manufacturer of solar panels that received ... MOREPedophiles To Be Given Disability Pay In Bankrupt Greece
Peeping Toms and pyromaniacs to also cash in. Greek disability groups expressed anger Monday at a government decision to expand a list of state-recognized disability categories to include pedophiles, exhibitionists and kleptomaniacs. The National Confederation of Disabled People called the action "incomprehensible," and said pedophiles are now ... MORE
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