As the "Dealergate" conspiracy theory goes, the White House overstepped its bounds in the 2009 auto bailout to shut down GOP car dealerships.
Here's a look at how this conspiracy spread like wildfire from the net to the media to the White House.
By Money Morning Staff Reports, Money Morning - • Print | Email
As the "Dealergate" conspiracy theory goes, the White House overstepped its bounds in the 2009 auto bailout to shut down GOP car dealerships.
Here's a look at how this conspiracy spread like wildfire from the net to the media to the White House.
And how part of it is still alive and well today in U.S. Federal Court...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
Goldman Sachs thinks they've spotted an economic anomaly – and they're warning it may force the firm to redefine the nature of capitalism itself.
In a research note, produced by a team of analysts and released earlier this year to clients, the firm highlights the fact that profit margins in the United States and elsewhere are historically high and that they may remain that way for a long time – especially when it comes to companies engaged in mergers, acquisitions, and stock buybacks.
In what may be the ultimate case of the pot calling the kettle black, Goldman says that's not how things are supposed to work.
I can't say I disagree.
Since 2007 we've talked about how today's markets are a completely artificial construct made possible by the Fed's incessant meddling, regulators who were asleep at the switch and who still aren't fully awake, and a completely out-of-control Wall Street machine.
You simply cannot engineer your way out of a crisis caused by too much debt by adding more debt.
Why?
Because it messes with the very relationships Goldman has evidently just latched on to.
Something has to give…
…just make sure it's not your money.
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
After General Motors Corp. (NYSE: GM) announced Monday a $500 million partnership with ride-hailing company Lyft, many are wondering if now is the time to buy GM stock.
Despite the major announcement, the GM stock price dropped more than 3% in morning trading.
And the GM stock price faces major headwinds in 2016...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
The GM stock price climbed 0.6% to $35.66 Thursday as the Detroit automaker prepares to sell its first Chinese-built car in the United States. The GM stock price has now climbed 19.2% in the last three months.
But the GM stock rally won't continue in 2016...
By Diane Alter, Contributing Writer, Money Morning - • Print | Email
General Motors Co. (NYSE: GM) is one of the most recognizable brands in the United States and is worth more than $50 billion.
That's why readers regularly ask us, "Should I Buy GM Stock?"
The GM recall cover-up was a tragic case stemming from neglect. The company knew about the issue since 2001! Now 51 people have died.
Unfortunately, this isn't the first incidence of major recall cover-ups.
Here is our list of 5 of the worst auto industry cover-ups ever...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - • Print | Email
Yesterday (Monday), General Motors (NYSE: GM) recalled 8.45 million more vehicles. The latest round means GM has set a new record for U.S. automaker vehicle safety fixes in a calendar year at 29 million – it's now recalled nearly 3% of the world's total cars.