Bizcovering

With GM’s bankruptcy and dispersing and selling of it’s brands, can we really say Hummer is American anymore?

AIG, the credit giant, has recently paid out about $700 million in bonuses after receiving well over $50 BILLION from the US Governement, and moreso from the US taxpayer. Please read on and hear more about this outrageous story.

If you must buy stocks, don’t reward the losers who took Federal bailout money. They will not become good companies now that they are hooked on welfare.

Wells Fargo Bank recently planned for a 12-night trip for employees. The bank was approved a $25 million bailout package.

Two axioms guide business enterprises in a free market: 1) It is inevitable that some businesses will fail; and 2) It is management’s job to know. This article explains how and why management — both of the unions and the U.S. automakers — failed to do their jobs properly and why burdening U.S. taxpayers now to rescue them is pure folly.

After all the raving about buying American in the past, why did we not see this coming. For many years we have been warned, we totally ignored the signs.

With recent layoffs by large corporations like At&t, MTV, Viacom and NBC making major layoffs recently, it has everyone wondering when it will stop and when things will get better.

This article discusses the proposed $25 Billion dollar bailout of the Big three automakers.

Because of the bailout, we hear a lot about moral hazard these days and that’s a real problem, I agree. But there is a silver lining in this whole mess. In this climate, where businesses large and small must depend on the public’s good will to get government aid, the culture of good corporate citizenship is likely to be reinforced.

Commentary on the credit freeze.