Charting Stocks

Amid growing rumors of bank nationalization, which the WSJ and Dow Jones attribute to ChartingStocks.net, the great wealth destroying CEO of Bank of America felt obliged to give an emergency interview  yesterday to play down talks of government takeover.
“When you talk about nationalization of Bank of America, it becomes absurd. What it appears to [...]

GM’s proposal to restructure the company includes $30 billion from the US taxpayer while firing another 47,000 of those same taxpayers.
General Motors submitted the plan to the Treasury  today to explain how the Detroit automaker will become viable and repay its loans. It says GM will try to borrow up to $16.6 billion more from [...]

The US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.
Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire [...]

General Motors has announced that it will cut 10,000 jobs, or 12% of it’s global work force.
The majority of the U.S. job cuts is set to take place before May 1. The remaining GM workers are likely to see a 3% to 7% reduction in pay for the rest of the year.
GM has received [...]

The Automotive news reports that the U.S. auto parts industry (suppliers to GM, F) is asking for  $20.5 billion in federal aid to survive the depression.
Neil De Koker, president of the auto supplier lobbying organization has stated that suppliers are asking for $10 billion in direct loans from the U.S. Treasury Department
The US taxpayer has  [...]