Nevada Sen. John Ensign May Stall Auto Bailout, Thinks Casinos Deserve…

Sen. John Ensign (R-Nevada) told CNBC this morning he's not happy with the auto bailout bill. The Senator from Vegas is so unhappy he's willing to gamble on a real bankruptcy occurring while he tries to figure out how to make a pre-packaged bankruptcy occur. But don't think Ensign's making his decision on high-minded… » 12/09/08 9:30am 12/09/08 9:30am

Full Text Of The Not-So-Big Three Automaker Bailout Bill

We're not usually ones for jamming our thumbs into our own eyes. Be that as it may, we're going to start sifting through the full discussion text of the automaker not-a-bailout bill entitled: "To authorize financial assistance to eligible automobile manufacturers, and for other purposes." Sounds thrilling, doesn't it?… » 12/08/08 4:50pm 12/08/08 4:50pm

Barney Frank Does Not Want To Drive Your Chick Magnet

Representative Shelley Moore Capito, R-West Virginia, lacking any desire to make a contribution to the not-so-Big Three hearings, decided to inject some levity into the proceedings by naming all of the vehicles her family's owned including a Chrysler station wagon named "Chick Magnet" but then quickly apologized. Why? » 12/05/08 3:30pm 12/05/08 3:30pm

Everyone's Using The "B-Word" Except The Not-So-Big Three

After scrutinizing not-so-Big Three CEO's testimony before the Senate yesterday to see who would and would not utter the dreaded "b-word" we noticed a pattern. Everyone was willing to publicly acknowledge the possibility except the chairmen of Ford, Chrysler and GM. If you don't say it, it can't happen right? hat tip… » 12/05/08 2:00pm 12/05/08 2:00pm

Report: GM, Chrysler Consider Bankruptcy For Federal Bailout Loan

The CEOs of the not-so-Big Three made it to DC for committee hearings beginning today at 10:00 AM. According to Bloomberg's sources, GM and Chrysler execs are considering a pre-arranged bankruptcy (which we've already said is a good thing) as a last-resort of getting a multibillion-dollar government loan. » 12/04/08 8:40am 12/04/08 8:40am

President-Elect Obama: No Blank Check For Automakers

One of the first questions President-Elect Obama received at a major economic press conference held today related to the auto industry and, after stock comment about the importance of the industry and the responsibility of the government to assure it doesn't vanish, Obama makes the point they can't simply write a… » 11/24/08 2:30pm 11/24/08 2:30pm