Hey That $30 Billion Loss is Really Good News
Here we have it, straight from Tim “Turbo Tax” Geithner’s staff:
“The real news is the projected loss came down to $30 billion from $44 billion,” Sperling said, noting that auto sales have improved ahead of what many analysts had forecast. The administration still holds out hope that if things improve, the administration could […]
Three Card Monty at GM
I read this and shook my head in amazement at the limited financial acumen of reporters covering business.
General Motors, encouraged by its improving financial situation, could repay all of its $6.7 billion in loans from U.S. taxpayers by the end of next June, the company’s top executive said Monday.[From With $42B, GM moves […]
