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Profiting From Bailout Mania
By Andrew Mickey, Q1 Publishing
It’s bailout season and every overleveraged business that failed to plan for a downturn is lining up for a share of the $700 billion pie.
General Electric (NYSE:GE) is about to come a bank with access to the Fed’s free money. American Express (NYSE:AXP) anticipates such rough times ahead, it plans to become a bank with access to the Federal Reserve’s deep pockets as well.
Over the weekend, Bloomberg reported Home Depot (NYSE:HD), Dow Chemical (NYSE:DOW), and Textron (NYSE:TXT) asked for the Fed to fund their ongoing operations by buying their second-tier commercial paper.
Even city governments are throwing their hats into…
18Nov2008 | Q1 Publishing | Comments Off | Continued
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