Still Renting

Preview from Europe: Rejected Auto Bailout Tanks Markets

Simple and best solution, still, is chapter 11. And let's be frank here, you cannot be comptetitive with other manufacturers if you pay your people more than those other manufacturers. That is, unless you automate and lay everyone off.

Hey! How about the Brazil thing. They could tool that up with the bailout!

Subprime Write-Downs More Than 50% Done? Write-Ups Coming Next?

Ha ha! About the time they are done "recognizing" the losses from sub-prime, they can start looking at the losses from Alt-A.

And then prime.