Investing to Wealth

Taking money from the US government isn't just risky; it can cost you your job. Just ask Rick Wagoner the now former Chief Executive Officer of General Motors (GM). After accepting billions in aid from the Treasury Department -- but failing to produce an acceptable restructuring plan -- Wagoner was forced out of the beleaguered automaker over the weekend. The Wall Street Journal reports that in addition to removing Wagoner the Obama administration’s auto-industry team floated the notion that bankruptcy may be the best option for Chrysler and GM. Although the government said it doesn’t have plans to oust Chrysler ...