Renault Coming Back to US?

Oh, please, please, PLEASE let this happen. The WSJ is reporting that GM is in talks with Renault to simply give the Saturn division to them.
As a little background, I have grown attached to my Saturn (despite some early issues). I really hope that the company makes it because I think that if it gets back to its [...]

Stewart – Guest = Pain

So, Rick Santelli (yes he of CNBC fame and tea party fake ranting) was supposed to be on the Daily Show. Apparently, he cancelled at the last minute leaving Stewart and Co. without a guest. That gave the show about, oh, 9 minutes to fill. Want to guess how they filled it?

via The Big Picture

About Those UAW Wages

Republicans want union members to “feel the pain” on any bailout. They derailed the auto bailout when the UAW refused to cost wages as quickly as the GOP Senators demanded. While I am of two minds about the bailout and auto worker wages, it seems as though the UAW has already made concessions to get [...]

A Bailout I Can Support

With the automakers the latest group to feed at the Federal teat, people are getting sick and tired of everyone and their brother coming hat-in-hand asking for money. However, I think there is one bailout that all of us (well, all those with good taste at least) can get behind.
According to the WSJ, Italy apparently [...]

The Bailout Is Bigger Than You Think

The other day I asked why people weren’t reading The Big Picture, which has been all over the bailout mess. Barry Ritholz, the person behind the site, is more on the pessimistic side but it has been amusing watching him squirm as some of his predictions come true.
Today’s installment of “OMG youhavetoreadthis” compares the current [...]

Perfect

I need to ask. If you’re not reading The Big Picture, why?

Bread Lines?

Today’s Must Read

Yves Smith (of Naked Capitalism) has a fantastic article on the latest AIG handout at the new TBP Cafe. Take 10 minutes and go read the article. If you’re not furious at the end…well, I really don’t know. I can’t see how this “new deal” is anything but bad, but I’d be glad to hear [...]

Wells “Wins” Wachovia Willingly?

I’m a big language dork, so sue me.
Anyway, Citi has decided that it won’t block the merger of Wachovia and Wells Fargo, but it will sue them for billions of dollars *places pinky to mouth*. The St. Louis Business Journal article (Wachovia swallowed St. Louis based brokerage AG Edwards less than a year ago, so [...]

Stat of the Millenium?

According to Portfolio, GM is worth today what it was worth in 1929. Not adjusted for inflation.
Wow. Simply wow. I accidentally got a peek of my IRA when I opened Mint this morning. I had intentionally not looked. I wish I hadn’t.