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9.27.2015 Financial Intelligence Report Bookmark

Bow Or Die

I received an E-mail the other day from a reader, after I mentioned the incredible fines that were going to be placed upon Volkswagen for fiddling with their emissions software:

Dear Bob,
I have a question: Why is the US currently massively fining European institutions and companies? Is there a history to this or is it 'new'?
Maybe you could explain this in detail in one of your newsletters.
Kind regards and thanks,
Patrick


I can indeed Patrick. Let’s follow a couple plots here. First I want to start with General Motors. GM went ahead and put cars on the road that they KNEW had faulty ignition switches. A lousy 1 dollar part, but a part so incredibly important, that if it failed, your car shuts off. No power, no airbags, no power brakes, basically a car coasting along.

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