LeftBanker

The global car industry is in complete meltdown and the second largest durable good after houses is in a slump which is already surpassing the one it had in the 1974/74.
In the US General Motors and Chrysler are essentially bankrupt with only a government loan of $14 billion allowing these companies to continue. A deal [...]

The $60bn hedge fund scam as well as being a massive waste of resources – enough to pay for a clean water supply for every poor person on the planet – will bring further problems for the financial markets.
It was quite incredible that such a fund should be the home for investments for banks such [...]