Debt continues to plague the balance sheets of corporate America and U.S. consumers. Not only is debt wreaking havoc in the form of consumer credit cards (think reduced limits and [ … ]
Tag: debt
SHOULD GM FILE FOR BANKRUPTCY?
GM must be allowed to file for bankruptcy. These bailouts are becoming ridiculous and detrimental at this point. The U.S. Treasury cannot be everything to everyone. From converting investment banks [ … ]
IS THIS A “BAILOUT”?
We have a major capital problem at the U.S. banking level. What Ben Bernanke and Hank Paulson are essentially proposing is an asset swap. The Fed will take on the [ … ]