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

GMAC Flashback

The whining has started, with most people (e.g., Chris Whalen at The Big Picture) making the obvious mistake of confusing GMAC with General Motors. In the interest of history, I quote myself from the Dark Ages (March 2007) at Tom’s Place: The next time GM explains that its pensioners need to take a hit, it […]