4Jun/091
The Future of the Auto Industry
Posted on Jun 4th, 2009 @ 2:31 am by CY
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayers19Mar/094
Citigroup Reverse Split
Posted on Mar 19th, 2009 @ 10:26 am by CY
Citigroup just announced that it might do a reverse split on the stock if it needs to. This won’t happen anytime soon but they are thinking of doing this before June 2010. IMO, reverse splits are very bad for the shareholders. It might be a good thing for the company because it may “appear” to [...]
Tagged as: citigroup, dilution, Economy, government, reverse split, shareholders, taxpayers