General Motors (GM) has approached the U.S. Federal Reserve for cash injection so that its business can continue operation. Many including new President-elect Barack Obama see this bailout necessary to avoid job losses and fall of manufacturing sector.
However, Ludwig von Mises Institute has a different point of view regarding whether to bailout GM. In summary, an article published by them says the bailout should not proceed and GM should file for bankruptcy.
Yet Another GM Bailout [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
According to a report in TodayOnline , Temasek-linked firms may post lower dividends this year. Even billionaire Warren Buffett's Berksh...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including one additional station on the North East Line (... -
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Robocopy, short for "Robust File Copy" is an advanced command-line utility included in Windows. It's designed to copy files an...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.