The Impeachment Hearing Room

Aces And Eights: Friday, November 20, 2008: A Financial Report: America Is Nearly All In. Most Of The Bets Are On The Table With A Few Stalling, Fumbling

With Cards Under The Table.

No One Wants To Talk About What They Are Going To Do With Their Winnings And No One Wants To Be Told What They Have To Ante Up To Get In The Game.

It’s A Big Game With Everyone Trying To Cover Their Losses And Their Asses With More Of Our Money.

It’s Time To Bust Up The Game With A Citizen’s Raid And A Parade Of Arrests And Prosecutions!

http://www.bloomberg.com/?b=0&Intro=intro3

http://money.cnn.com/news/

http://www.reuters.com/finance

http://www.marketwatch.com/

Dr. J.'s Commentary: Why the Republicans Want to Kill GM

Thus I think that it goes rather deeper than those three. There are three other reasons that are likely more significant. Two are ideological and one is political, but at a much broader level than just red state/blue state thing. First, and this one has been mentioned a bit, bankruptcy would permit the companies to break their union contracts, both for current employees and for their "legacy" beneficiaries who depend on the U.S. automakers for their pensions and health care coverage. Forgetting about what that would do to those workers, such actions would break the United Auto Workers, one of the last U.S. industrial unions that has any real power. That would be a real achievement for the Republicans.

http://www.news.com.au/business/story/0,27753,24650136-14334,00.html

http://www.georgesoros.com/articlesandessays