The bet is that some small amount of money will be given to the auto makers now, enough to serve as some type of bridge loan into early 2009... Read More
Like most analysts, Rod Lache has concluded that a government bailout is not likely to help the shares, that even with a bailout GM's future, if it is not in bankruptcy, is likely to be "bankruptcy-like." ... Read More
Hong Kong dropped 12 percent to its lowest level in 5 years, S&P futures have swung in a 60 point range this morning, though they are well off their lows... Read More