FOREX TRADERS

[Nettles]

local news is reporting that bankruptcy is looking more and more likely for GM and Chrysler so despite the denial from the White House about Obama saying that was the best course locally they seem to think it is the most likely at this point. This may be a big political mistake for Obama, to let the "elite" banks ride it out but let the blue collar auto companies fail people are going to have a harder time seeing him as anything but just another Washington insider in the pockets of the financial industry.