…four points, the optimistic version is that the bailout bill will form a “hedge fund” for the “radioactive” portions of MBSes that no one else is buying. (UPDATE: Daniel Gross…
by Ken Houghton Paul Krugman presents the optimistic version*: The House will probably vote on Friday on the latest version of the $700 billion bailout plan — originally the Paulson…
…And banks have proven to be efficient at extracting bail-outs when their judgement leads to insolvency. Recently, the bankruptcy of for-profit Steward Health Care closed several hospitals in Massachusetts, causing…
I am watching the evolution of the American automotive industry from combustion engine driven vehicles to electric driven vehicles. It is interesting to hear about all the potential blood to…
…the main theme of his book. Off-label drug promotion by industry has been responsible for some of the worst medical disasters of the past three decades. For instance, throughout the…
…Consulting advised the Obama administration about the auto bailouts. I can guess, though. That it should allow the two auto companies to file for unsupported bankruptcy, so that vulture capitalists—er,…
…for the government bailout of those two carmakers. So the good news is really bad news, Romney told Fox News today, in sticking to his anti-bailout stance. “The president ‘was…
Steven Rattner, the lead adviser on the Obama administration’s auto task force in 2009, has an op-ed titled “Delusions About the Detroit Bailout” in today’s New York Times. Some highlights:…
…these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an…
By Divorced one like Bush ”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the…