It was time for Chrysler to present its reorganization plan. Unfortunately, company has been unable to reach an agreement with some of its creditors over treatment of $6.9 Billion secured debt. This group was called “non- TARP lenders”, seemingly institutions which have not received funds from the government’s Troubled Asset Relief Program. These creditors are getting some [...]

Currencies once again are choppy. Just like yesterday, very good day for short term traders. I do some of that, but try to cover intermediate type trades here. This has not been easy this week to date. Granted, it is only Tuesday, but I’ll be away tomorrow and unable to post anything, so for me half [...]

After months of of discussions and speculations General Motors laid out a massive restructuring plan. In order to qualify for farther government loans, GM proposes to get much slimmer. For starters, company will cut 21,000 U.S. factory jobs by next year. This is on top of previously announced cuts. The 9 to 11 weeks factories [...]