It’s amazing when Cerberus outbid Magna to buy Chrysler I said it was a doomed deal. And what happened? Fiat bought a stake in Chrysler for zip, nada, zero! Cerberus f***d up this deal. But hey private equity is dumb as wood sometimes and lo and behold they are about to make another move that one has to question.
This new private equity deal promises to keep all plants open, and will need less money to do this than Magna. Wow, Ripplewood you are smarter than Magna, and Fiat (after all …

So I just got message that Bob Lutz is going to run the marketing and communications of GM! Wonderful the exact WRONG person for the job. Want to know the real Bob Lutz?
The fundamental problem with this guy can best be summed as follows:
Lutz talked about something that we will term the 95 / 5 ratio.  He believes that there are two types of American car buyers.  Lutz believes that 5 % of buyers are what he calls East and West coast intellectuals.  These buyers desire to be cutting edge, …

At Zero Hedge there was this post on market manipulation.
Is this an admission by Goldman Sachs that there is the possibility of manipulation in the market? Does anyone think that this is the only program in the world that can “manipulate” markets? With all the programmers in the world, we can only imagine how many more manipulative programs are out there.

Ah yes the old market manipulation argument. Ok, so let’s say that there is market manipulation? So what? Yes you read that right SO WHAT! The stock market is …