August 14, 2008
It was once said, “As goes General Motors, so does the rest of the country,” if that were ever really true is questionable, but that is certainly no longer the situation in 2008. It is possible that GM will soon be sliding into competitive oblivion, if they continue to ignore and not produce electric automobiles. Auto manufacturers from the East are in a race to beat GM to the marketplace, and they usually do, so GM’s future is…..
The Wall Street Journal article “Mortgage-Market Trouble Reaches Big Credit Unions” by Mark Maremont, August 11, 2008, page A1 has certainly gotten the attention of credit union executives across the nation. Though the article appears well-balanced, credit union leaderships should not respond in a knee-jerk fashion. Simply stated, don’t panic! The mortgage and housing markets have had serious negative effects both deep and wide within the financial industry, and credit unions are not immune to some of this fallout. The…..