Wednesday, December 03, 2008

Bailout Pricetag Grows
The big 3 Detroit automakers now say they need $34 billion to fix the industry. The base price is still $25 billion, but they say they need another $9 billion for parts and labor.

Chrysler Town Meeting
Chrysler executives were planning to hold a town meeting in Toledo, Ohio today to show how much of an impact the auto industry has on regular American towns. But they pulled out when they found out none of the local diners serves Foie Gras.

Goldman Sachs may launch an Internet banking site and ATM network. The minimum withdrawal or balance transfer will be $200,000.

Chambliss Wins
Georgia Republican Senator Saxby Chambliss' runoff election victory yesterday is being seen as a response to President-elect Obama and the Democrats getting too much power. Of course that would be accurate if it weren't for the fact that no one in Georgia was actually aware that Obama won the presidential election.

Bank Changes
Several major banks are changing their policies in order to stay solvent. They're eliminating subprime mortgages, demanding more collateral, and charging $250,000 for bounced checks.

Broadcom Phony
The bad news is a top Broadcom executive did not earn the degrees he said he did from UC Irvine. The good news is he's saved millions in student loan payments.


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