General Motors declared bankruptcy today. In the past I’d have said it was the end of an era, but I know now that bankruptcy is not necessarily The End. I haven’t followed the details of all the recent GM talk so maybe my questions have already been answered out there somewhere. I’m wondering why we … Continue reading Stick a fork in GM
Just saw an ad on TV for Ally Bank. Huh? Who would be starting up a new bank in our current lousy economic environment? A few keystrokes later, I found out. GMAC. Ain’t “rebranding” a hoot? GM’s name is Mudd these days, so by all means, get rid of it! Especially when you need to … Continue reading Just so’s ya know
President Obama just gave a speech in New Mexico talking about credit card reform. Everything he said makes sense — as far as it goes. Just about everything about credit cards needs to be improved. I’m concerned, however, that neither he nor Congress is willing to make the most important change of all — capping … Continue reading Congress ducking national usury regs
Over the weekend I heard stunning news: many of the nation’s largest health care organizations are banding together and offering to help President Obama reduce health care costs!! That they’ve gotten together and made the offer, I can believe. That they really want to help … bullshit. These are the same groups that have been … Continue reading We come bearing gifts
This is Ugland House, George Town, Cayman Islands. Its sole tenant is Maples and Calder, a law firm and company services provider. Yet, amazingly, this modest little office building on South Church Street is the current address of 18,857 corporations. But don’t take my word for it. Check it out with Bloomberg.com; they even name … Continue reading The little building that could
My thanks to Writer Chick for bringing this video to my attention: Continue reading It’s tea time in Washington
