U.S. Threatens Bankruptcy for GM, Chrysler

| April 4, 2009

This is a big deal………..and interestingly enough,  it looks like a new car purchase IRS tax deduction is being set up……..Plan Would Separate ‘Bad’ and ‘Good’ Assets of Two Companies; Historic Intervention Carries Big Political Risk for Obama………. President Obama, who announced the plans Monday with Treasury Secretary Geithner, said the U.S. would not let the auto industry “simply […]

Home Prices in 20 U.S. Cities Fell by a Record 19% in January

| April 2, 2009

Things continue to fall apart…………Home Prices in 20 U.S. Cities Fell by a Record 19% in January ……… The S&P/Case-Shiller index‘s decrease was more than forecast and compares with an 18.6 percent decrease in December. The gauge has fallen every month since January 2007, and year- over-year records began in 2001.   Downward Path….All 20 cities in the index […]

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