The DOJ identifies potential criminal wrongdoing by GM
concerning the ignition switch debacle and General Motors faces more fines
perhaps $1.5 billion and more. Former and current GM employees may be charged
with crimes. GM stock prints a bullish week gaining +2.3% but drives into the
ditch again.
[Text is Redacted: Purchase May 2015-05 to Read the Complete Chronology]
Fed Chairman Bernanke announced QE1 to prevent the stock market from crashing further than it already had. Unfortunately, stocks were never allowed to properly washout and correct as capitalism dictates so the economy remains in a malaise while the wealthy, that own large stock portfolios, have become filthy rich off the Fed’s Keynesian policies. Free markets died in early 2009.
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