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We bailed out GM & Chrysler so that they could create more jobs in Mexico! Whew. Suckered again by corporate Amerika.

Businessweek
June 24, 2010
More Car Jobs Shift to Mexico
U.S. production may decline over the next decade, despite the bailout

The Obama Administration spent more than $80 billion last year to prop up General Motors and Chrysler in a controversial effort to save millions of American manufacturing jobs. Both car companies have since stabilized, and business is also looking up at Ford Motor (F). Yet as they map out their investment plans in [...]

You can now deposit junk with the ECB, and “borrow” good money in return: it’s Magic!

As I understand it the ECB move to accept Greek junk bonds at an (un real) value is to stem damage to the European banks holding the junk bonds, the private banks get them off their books and now the European Tax payer holds the junk! well done ECB, give the right sell signal to the market.

Greece bailout not enough to stop Greek economy collapsing and increasing austerity measures causing [...]

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We bailed out GM & Chrysler so that they could create more jobs in Mexico! Whew. Suckered again by corporate Amerika.

You can now deposit junk with the ECB, and “borrow” good money in return: it’s Magic!

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