Crony capitalism is spelled: U.A.W.

Michael Becker Liberty News Network 24 Feb 2012

Reason.com has a great piece about the hypocrisy of the Obama Administration and their freewheeling ways with taxpayers your money. It is, of course, an article about the entity known as “Government Motors”.

In case you missed it, GM is making huge profits. They made $8B last […]

China to buy a stake in GM

China’s SAIC close to GM IPO stake buy-sources

Reuters 11/10/2010

Nov 10 (Reuters) – General Motors Co [GM.UL] is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp (600104.SS) in conjunction with its landmark initial public offering, two people familiar with the matter said.

The two government-funded automakers […]

Schiff Report: Bill Gross bailout, Government Motors IPO

Peter Schiff 8/18/2010

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as “Doctor Doom” because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing […]