This is one of those poetic justice moments. After Toyota was dragged through hell and back (aka Congress) over a sticky accelerator issue, now it is the turn of the automotive division of the US government, better known as General Motors
The choice selections from today's Art Cashin comments, via UBS Financial Services: Greek Rescue Rumor And Chippier Consumer Brings Stocks Back From Brink – For much of Friday’s session, fears about the European Union (particularly Greece) sent folks seeking the safety of the dollar.
Goldman's tentacles are smart, and know all about contingency planning. With so much of the firm's future strategy contingent on Cap And Trade derived profits, the firm is hedging for a downside case scenario. The attached presentation by the Environmental Protection Agency is just the fall back plan.
Tuesday, March 2, 2010
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