GM: $15.5 Billion Loss
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/352604132/gm-155-billion-loss.html
From the WSJ: GM Swings to $15.5 Billion Loss Amid Write-Downs, Sales Slump General Motors Corp. recorded a stunning $15.5 billion second-quarter net loss, slammed by sinking auto sales, money lost on bad lease deals and costs tied to its North American restructuring.
First, the downgrade -- Then the awful earnings
from Interest Rate Roundup by Mike Larson
http://interestrateroundup.blogspot.com/2008/08/first-downgrade-then-awful-earnings.html
(GM again)
A Theory of Great Depressions and a Confession from a London Banker
from Jesse's Café Américain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/08/theory-of-great-depressions-and.html
(Publishing because of very interesting chart there)
[will post more later]
2008-08-01
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