WreckingBallReport.com

General Motors has failed to reach an agreement with its bondholders that will almost certainly send the company into bankruptcy.  The most upsetting part of all this, besides the wasted taxpayer loans, the impending death of the Chevy Volt and the loss of thousands more jobs, is the fact that Drinking with Bob called it [...]

Wow – surprising news on a Sunday night that we didn’t have to hear from the mouth of a crusty old 60 Minutes anchor. Obie One has apparently decided that GM and Chrysler’s plans for ‘viability’ – the equivalent of a doctor’s note that the car companies had to turn in in order to get [...]

So fraudster Bernard Madoff is officially guilty of bilking plenty of Americans out of billions, taking cash and promising to invest it and guaranteeing too-good-to-be-true returns. Of course, those returns came from other investors in a grand reverse pyramid Ponzi scheme that never actually invested in anything other than keeping Madoff neck deep in hookers, [...]