Detroit is a scary city as evidenced by these incredible images by 7 contemporary photographers. Mitch Cope has put together a masterpiece, a set of photographs of the city that capture the hopelessness and devastation in a way that 1000 newspaper and magazine articles never could. In some of these pictures, Detroit looks almost like…
Chrysler
King Obama and his Feudal Lords
I try to avoid being overtly political here on TRB, but something foul is afoot in our capital markets that needs to be addressed. The treatment of institutional and hedge fund bondholders in both the Chrysler and General Motors situation has one very apropos historical parallel that comes to mind, the Anglo-Norman invasion and conquest…
The Executioner Wore Abercrombie
Who is Brian Deese? You’re going to love this one. He’s the latest heartthrob out of the Obama administration who’s been called up to run the GM bailout/ bankruptcy/ clusterf&ck. And he’s, like, 31 years old. From the New York Times: A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in…
Denninger Pops His Top Over GM Bonds
Do you own GM bonds? Karl Denninger‘s got something he’d like to get off his chest about what may be about to happen to your investment… From The Market Ticker: If you hold this debt you are about to be wiped out by our government, who has decreed by fiat, without even a vote in…
Capital Window Opens for Non-Banks, Too
Now that the rally has lasted way longer than most thought it could, the Capital Window has opened wide. Last week the secondary offering parade began, on the heels of the stress test results. Market commentators have mentioned the fact that new stock is being sold almost indiscriminately by the bankers and syndicates and that issues are…
Hot Links: Jenna Lee, Madoff Secretary, Chrysler & Morgan Stanley
Hot Links for Weekend Reading Who was the luckiest financial blogger of the week? My pal Stephen over at Wall Street Fighter visited with gorgeous and talented anchorwoman Jenna Lee of Fox Business for an interview, so you tell me! The investor class and all of institutional Wall Street was aghast at Obama‘s treatment of…
Market Recap: Punks Jump Up…
[youtube=http://www.youtube.com/watch?v=dxBvUqLs_eU] The Reformed Broker, AKA Kool G Wrap, here with today’s Market Recap… The Chrysler bankruptcy had virtually zero impact at the open and the Dow quickly gained a triple digit head of steam. As the day wore on, however, stocks faded and profits were taken. Speculative juices vanished and as Brand Nubian said, Punks Jumped…
Can It Be? Really? A Ford Turnaround?
Here’s a new Analogy for y’all: Ford is to General Motors as The Jeffersons are to Sanford and Son While Chrysler and GM currently subsist on bridge loans from the government, Ford (F) is Movin’ On Up as their latest quarterly results came in better than expected on multiple fronts… From TheStreet.com: Ford (F) beat the first-quarter estimates…
Top 10 New Auto Models From Detroit Next Year
So with each passing day, the U.S. automakers seem to be closer and closer to a “gentle, targeted bankruptcy”, whatever the f@#% that means. Here’s a sneak peek at the 2010 models coming out of Detroit to a dealership near you:
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…
