Bailout

Even though General Motors Corp are operating under a federal bailout, reports show that it burned through $10.2 billion in the first quarter. As we all know, the car sales declined drastically all over the Globe, leading to a 50% drop of GM’s revenue to $22.4 billion. On Thursday, General Motors posted a quarterly net [...]

We are anxiously waiting for the stress results, but the problem is that the predictions are worse than first thought. It was said that overall we find ourselves in good condition, however, an inside source says that 10 out of the 19 banks under stress tests will need more capital. We’ve already told you yesterday [...]

This week can be regarded as decisive for our economy as the US Government will release the results of the stress tests on banks. Although many have said that the financial crisis will end soon, this isn’t even close to the reality. The most optimistic estimations show that regional banks, Citigroup and the Bank of [...]