Treasury pay czar limits pay at automakers, banks

So much for the bail-outs helping the UAW
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Fiat SpA (F), majority owner of Chrysler Group LLC, plans to return Jeep output to China and may eventually make all of its models in that country, according to the head of both automakers’ operations in the region.

Fiat is in “very detailed conversations” with its Chinese partner, Guangzhou Automobile Group Co. (2238), about making Jeeps in the world’s largest auto market, said Mike Manley, chief operating officer of Fiat and Chrysler in Asia. Chrysler hasn’t built Jeeps there since before Fiat took control in 2009.

http://www.bloomberg.com/news/2012-10-21/fiat-says-china-may-build-all-jeep-models-as-suv-demand-climbs.html

There's a hurricane going on-- lol, Riversider!

Go Obama

Brooks: I thought you would have overflowed by now.

5:14pm.

Absolutely ridiculous. Central planners hard at work destroying our nation. Mao anyone..

Kung Pao moa chkn. No bankers bitches about the fact ML, Citibank, AIG, and 50 other large financial Institutions partook of the fed 'save' your azz liquidity cesspool.

No home owner ever bitches about the rigged re mkt. poor baby. The last time I worked in work outs, the courts decided what is fair. The zirp policy is a govt sponsored bankruptcy plan for overleverged foolz and the bankers that fed the foolz doses of crack with with teaser rates.

10k let to at UBS. Shrinking finance sector as % of GDP. Get used to it. The bonuses were paid with bullshit money. The bullshit stops when mortgages are at 8% for 30 yr fixed.