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For the last month the national news has been almost exclusively about alliterative economic problems, from the Bailout Bill to the Credit Crunch cable and network news shows have hammered home the point that the U.S. is in recession. A baker’s dozen of giants in the finance industry have gone under, GMAC has said that it may halt financing to some dealers and the national news shows ...
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In his testimony before Congress last week, Alan Greenspan supposedly spilled the beans. The "credit tsunami," as Greenspan put it, had revealed a "flaw" in his beliefs about how markets work. The flaw, Greenspan explained, was that he assumed that ...
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US DOE issues rules for automaker loans CanadianDriver, Canada - 8 hours ago Congress has appropriated US$7.5 billion to cover the subsidy costs of direct loans issued to automobile manufacturers and component suppliers. ...
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