General Motors

Sucks to be Cerberus

Oopsies! Steven Feinberg:  Oh my gosh, honey, are you awake? Mrs. Feinberg:  Yes, what is it, Dear?  You sounded like you were having a nightmare… Steven Feinberg:  Yeah, it was weird…I dreamt that my private equity firm owned both GMAC and Chrysler!  It was horrible! Mrs. Feinberg:  Well…umm…ok, go back to sleep, hon.  Everything will…

New Dow Jones Industrial Average Candidates?

As of this writing, there are 4 stocks in the Dow Jones Industrial Average that are trading under $10 per share (and several others that are close): Citigroup (C) Bank of America (BAC) General Motors (GM) Alcoa (AA) According to Jim Bianco of Bianco Research:  “Dow Jones, the keeper of the DJIA, has an unwritten…

Who Else Could Become a Bank Holding Company?

General Motor’s GMAC unit had recieved approval to become a bank holding company…
But here’s the more interesting question…who else could/should apply to become a bank holding company? Below is my not-so-serious list of candidates as more companies and industries look for shelter in this, our Greatest Depression.