POLITICAL CORRUPTION EDITION


Breaking News

Iran wants to artificially boost up the oil market…sound familiar?

@ October 12, 2008 # No Comment Yet

Iran plans on asking for oil output cut at an OPEC emergency meeting in Vienna in mid-November.  Iran is concerned about falling oil prices affecting their investments.
Ed: Let’s make it so the middle east is concerned about really really low oil prices due to really really low US demand. Buy greener, everybody. It does need [...]

More on page 64

GM and Chrysler in merger talks

@ October 12, 2008 # No Comment Yet

Chrysler, the number 3 US auto manufactuer and GM, the number 1 US auto manufacturer, are rumored to be discussing a merger.  Chrysler’s majority owner is Cerberus Capial Management LP. The talks hit a bump when the question of how to value Chrysler’s losing operations came up.
In the proposed deal, Cerberus would get GMAC and [...]

More on page 60