"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, March 03, 2006

Disembowelling America Part 133

Automotive supplier Dana Corp., whose shares have lost more than half their value during the past two sessions, threw its U.S. operations into voluntary Chapter 11 bankruptcy protection Friday, conceding that they were no longer able to meet financial commitments.

Delphi the other major supplier to both GM and Ford are already in Ch 11. Dana supplied some 40% of their sales to GM / Ford.

How long before GM seek Ch 11 ?

Get ready for an interesting article here on the Berry amendment and it's effect on DOD suppliers .... you should already be up to speed on PAN carbon fibre production.

at 3/03/2006 07:43:00 pm

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish