General Motors (still 25% taxpayer owned) last week bought a 7 percent stake in PSA Peugeot Citroenmore for more than $400 million. “…auto industry analysts find the deal mystifying.” Perhaps the crony capitalists at GM just need a new supply of cronies.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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