Hey Wagoner! Yer outta here!!!

The markets are in the can today after the joyous tidings that Rick Wagoner was “stepping down” as CEO of GM.  Monday morning happened exactly as everybody thought it would.  The cable news hair-and-teeth were talking about the abrupt resignation of Wagoner and the pending statement from The Obama.  The Obama TelePrompTer (“Obamaprompter?”) scrolled hopeful words telling the President to say that these auto companies can’t exist on an endless flow of tax dollars, but must come to stand alone and survive.  Yes.  Obviously.  Thank you.

But let’s not be bored with just the latest auto sector news.  Something big happened this weekend.  Read the rest of this entry »