Skosh

GM Slashes Benefits: One Bad Decision After Another

Mr. Cara: Why target Wagoner? Why not write about the past CEO's of GM who agreed to all these contracts and then retired to Boca Raton in luxury. Let's put one of them in jail and see how behavior changes in the future.

Housing Market Tracker - Subprime Review

One of the most basic rules is that a borrower should have the ability to repay.” – Sheila Bair, chairman of the Federal Deposit Insurance Corporation. (NY Times, Dec. 18th) This is a real bonehead statement by Bair. "Understanding" if a borrower, currently, has the ability to repay is important, but, actually having the ability, down the line, no one knows. Skosh