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05 March 2009

Dow could hit 4000 wsj video
GM Auditors Raise Doubts on Auto Maker's Viability

I'm concerned the current stimulus plans are just too little, too late.
posted by DarkForest 05 March | 18:16
They're claiming that twenty percent of all American mortages are underwater, with that figure rising to forty percent of all Michigan mortgages and fifty-five percent of all Nevada mortgages.

I mean, isn't that insane? More than half of all mortgages in an American state are underwater?
posted by jason's_planet 05 March | 22:57
Atrios picked up on the term The Great Recession. It'll do for now.

I live in a onetime "GM town" so the company going into free fall is pretty shocking. The fact that there are Wall Streeters actually cheering it over the cliff is ... really something I never expected.

We just found out the cramdown plan passed by the House now has provisions that will exclude my parents. It's a borderline case anyway, but it would have helped in the bankruptcy.
posted by stilicho 06 March | 02:21
Sorry to hear that Stilicho, but geez--the whole world is looking at the US now and wondering--who's next.
posted by hadjiboy 06 March | 07:15
Theme ideas for Photo Friday. || Lyrics game!

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