Bloomberg is reporting that the Federal Government may face Chrysler and GM into bankruptcy to ensure that these companies return the 17 billion in bailout funds they were lent last year. The issue revolves around the subordination of the companies debt. Right now, several big banks like Citigroup and Chase are first in line. However the Feds may have the option of forcing the companies into bankruptcy to ensure the taxpayers money is returned.

Click here for the story.

For my part, if the federal government is even considering a structured bankruptcy of these companies, why did they bother with a bailout in the first place? It seem to make a little sense to give detroit money to avoid bankruptcy, then demand they go bankrupt to be sure the funds are returned.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech