GMAC Declared a Bank: GM Gets Funding Through a Bailout Backdoor

The drama surrounding the auto industry bailout appears to have been all for show as the US Federal Reserve let GM use a backdoor technicality to access Bailout Bill funds.  The US Federal Reserve played Santa Claus as it granted GMAC, the in-house financing branch of...

The other potential tragedy if Detroit Fails

by CODY LYONLINK AT POLITICAL CORTEX For some, thoughts of a massive financial bailout for the American Automobile industry strike chords of unease that some might say, reward the lack of innovation and enterprise that has been exhibited by some foreign auto manufacturing...