Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/auto-industry bailout

What to do with GM during bankruptcy

…the auto industry into a carbon copy of the PC industry! There is an underlying set of features & capabilities (the “chassis” offered by AMD or Intel) that incorporates various…

Contemplating Life if GM Fails

…the possibility that U.S. policy could turn against Japanese auto makers if local giants such as GM and Ford were to collapse. “Many people say the car industry wouldn’t revisit…

Accounting for Scott Sumner

…been predicting that for months. His accounting strikes me as very odd. Last I hear, the total cost of bailouts (including GSEs, AIG, GM and Chrysler) was predicted to be…

Government sponsored enterprises

…weekend Washington Post column that the auto bailout was a privatization of profits but a socialization of losses. The full post, which is at Annarborist, and is called I Beg…

Good Summary, with Expanded Notes

…critical, while the bailout of the auto industry caused by the fact that the banks spent the money on acquisitions and executive pay instead of lending it, is not critical….