…bailout plan. Hybrid and synthetic CDOs (which cover most CDOs issued from 2006 on) are definitely not assets! These monsters are insurance companies that will be seen to be severely…

…fall of 2008 in order to try to fend off a near-complete collapse of the banking system? Or maybe the initial part of the auto-industry bailout, without which George Bush…

…another great recession, they will have huge losses automatically implying a larger budget deficit exactly when the economy is depressed. True. They also serve as an automatic stabilizer. This is…

Full article here Chrysler is the smallest of the Big Three automakers, but it stands apart from its peers in another crucial respect. While General Motors and the Ford Motor…

…likely policy change that I could imagine in the face of a potential collapse of GM or Ford would be a government bailout along the lines of the Chrysler bailout….

…success, given that it saved as many as 1.9 million jobs at GM, Chrysler and their suppliers. The auto bailouts were emergency initiatives. They were to stave off what was…

…employees and suppliers. The auto industry bailout orchestrated by the Obama administration posed the first challenge to that assumption. Now the unions at American airlines have taken another step in…

…bankruptcy process, both companies needed billions of dollars in financing, money that auto executives and government officials who were involved with Mr. Obama’s auto task force say was not available…

…expressing them. Yup. Be sure to click that “for coherence” link. The auto-industry bailout kept those auto-industry workers and their families from advancing because they couldn’t hire lawyers to help…

…do about health care. Both of them initially, or at least at some point, signed on to the “Medicare-for-all” label for a single payer government run health insurance system that…