No Problem Loans – Just Give Them Your Soul

devilThis is actually a genious of an idea.

A small loan company in Latvia is offering no-problem loans to their clients. No paperwork needed, just sign a piece of paper saying that you are using your soul as collateral – i.e. – you don’t repay, you have no soul.

I know that I’d think twice before skipping that payment.

Read Full Story at Reuters:

Would you pledge your soul as loan collateral?

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GM’s Deal with Govt. To Close Mon or Tuesday

The New York Times is reporting that we’re one step closer to having the GMimages mess cleaned up.

Judge Robert E. Gerber released his 95 page decision today, which overturned the 850 objections to the Government buyout, and gave his approval for the American taxpayers to lend the company $1.17 billion dollars.

I am not a fan of government backing, I believe in free enterprise, but I’m almost not a fan of feeling a complete collapse of one of the largest companies in the world.  I’m not that brave.

Read Full Details At The New York Times

Plan To Sell G.M. Assets Approved


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Dumbest Moments in Business -2009

Blog and Run:

In case you haven’t seen it yet – Fortune has released their mid year gm_segwayedition of the “Dumbest Moments in Business”. GM is right at the top of the pack with their Segway/Rickshaw kindof contraption called the “Puma”.

Just my opinion – but I don’t look at this thing and think of the sleek and grace of a big black cat. This actually looks like something Peter Griffin would design in some kind of Family Guy episode.

As you go through the whole list you’ll be reminded that money and brains don’t always go together.

Dumbest Moments in Business – 2009 Mid Year Edition