The real poker game started today. President Obama upped the ante by claiming that he was prepared to see GM go into bankruptcy. Now the unions and the creditors have to figure out if its a bluff or not. It’s not an easy call when you consider that the guy you’re playing cards with has […]
Archive for March 30th, 2009
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Will Mark-To-Market Changes Torpedo PPIP?
Posted by Tom Lindmark on March 30th, 2009
Bloomberg has a longish article on the coming revisions to mark-to-market accounting rules. It’s worth a read if you have an interest in the subject. One particular piece of the article caught my attention. It points out one of the unintended consequences of the changes. While helping lenders report higher earnings, FASB’s changes may hurt Treasury […]
It Wasn’t All Bad News Today
Posted by Tom Lindmark on March 30th, 2009
A couple good pieces of economic news were buried under all the auto company talk today. I had to go overseas to find it but there it was. In the U.K. there is some sign that the decline in housing prices is declining and the number of loan applications for purchases was at the highest […]
Fiat And Chrysler Reach An Agreement Of Sorts
Posted by Tom Lindmark on March 30th, 2009
Well, that didn’t take long. Chrysler says it has an agreement with Fiat on a framework for a global alliance. From Reuters: Chrysler LLC has reached an agreement on a framework of a global alliance with Italian automaker Fiat SpA (FIA.MI) that has the support of the U.S. Treasury, Chrysler’s CEO Bob Nardelli said on […]
