This Bank Refuses Fed Bailout

Robert Reed: Surprise! This Bank Refuses Fed BailoutThe 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…… Continue reading This Bank Refuses Fed Bailout

Will GM be declaring bankruptcy?

The White House Gifts A Bailout; The Politics Of GMme On the Hill – Marc AmbinderIf 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?

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