Submitted by NLPC Staff on Tue, 03/13/2012 - 08:37
NLPC Associate Fellow Fred N. Sauer asserts that General Electric is no longer a great industrial company, but is now dominated by its General Electric Capital Services (GECS) division. Contrary to the conventional wisdom of the financial media that GECS has been GE's strength in recent years, Sauer argues that GECS is dangerously reliant on short-term financing to support its own lending. The result is a company ultimately dependent on political influence to mitigate the risk, creating opportunities for the well connected, like Warren Buffett.
Submitted by NLPC Staff on Fri, 02/17/2012 - 20:06
Last night, NLPC President Peter Flaherty criticized GM's bonuses to United Auto Workers while the company is stil deep in the hole to taxpayers. He appeared on CNN's Situation Room. Here's a transcript:
Submitted by NLPC Staff on Tue, 01/31/2012 - 08:58
NLPC Associate Fellow Mark Modica last night discussed the National Highway Traffic Safety Administration (NHTSA) investigation of the Chevy Volt fires with Gerri Willis on the Fox Business Network. Here's a transcript:
Submitted by NLPC Staff on Mon, 01/09/2012 - 14:25
NLPC Associate Fellow Mark Modica says it is time to end tax credits and subsidies for electric vehicles. He is interviewed by Neil Cavuto on the Fox Business Network on Friday, January 6. Here's a transcript:
Submitted by NLPC Staff on Thu, 12/22/2011 - 10:15
NLPC Associate Fellow Paul Chesser was interviewed last night on Cavuto on the Fox Business Network. Paul asserted that electric vehicles like the Chevy Volt have failed in the marketplace, despite massive taxpayer subsidies. Here's a transcript:
Submitted by NLPC Staff on Wed, 12/21/2011 - 12:00
It appears that four current members of the United States House of Representatives received loans via the VIP program of Countrywide Financial Corporation. Once again the motives of the former giant mortgage institution have been brought into question. Where they trying to peddle influence with these loans?