This is a gorgeous piece. Okay I am in love with China – and cry for its faults. But I have to admit I smile every time I hear a bit of muscle flexing – and so very graciously done. Very cat to the American mouse. Come on I say to my Indian counterparts – [...]
Posts Tagged as ‘financial crisis’
November 27, 2008
This Bank Refuses Fed Bailout
Robert Reed: Surprise! This Bank Refuses Fed Bailout
The way major financial institutions are feasting on taxpayer-backed bailouts, you’d think every bank in this country has on the feed bag.
Not true.
Just north of Chicago, dwelling in the People’s Republic of Evanston, is First Bank & Trust — a 13-year-old community lender that doesn’t want any part [...]
November 27, 2008
Will GM be declaring bankruptcy?
The White House Gifts A Bailout; The Politics Of GMme On the Hill – Marc Ambinder
If GM is forced to declare Chapter 7 bankrupcy and shut down immediately, its assets could be sold off. How quickly? No one knows. How many jobs would be lost temporarily? 100,000? Unclear. Permanently? More than a million? Three million? [...]
