Archive for June 1st, 2009

Congress Isn’t Going To Keep Its Hands Off GM

Well it didn’t take me long to get an answer to the question about whether members of Congress would abide by Obama’s principles for keeping hands off the auto companies and other enterprises controlled by the government. The previous post enunciated those principles and asked if Congress had gotten the memo and if they did [...]

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Obama’s Principles For Government Ownership

I overlooked this today and I saw very little about it on other blogs today. It’s the standards for the government to follow in managing its ownership interests in companies such as GM. It was evidently part and parcel of the announcements surrounding the bankruptcy and didn’t get the attention it deserves. From Politico.com here [...]

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Keith Hennessey On The GM Bankruptcy: A Must Read

If you still haven’t had your fill of commentary regarding the GM bankruptcy then let me recommend Keith Hennessey’s blog post today. It is long, very complete and presents pro and con arguments exceptionally well. In fact, even if you have had your fill, you need to read and bookmark Hennessey’s post.

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Robert Reich Sees Other Agendas In The GM Bankruptcy

I rarely find myself being captivated by much of anything Robert Reich says or writes. It seems to me that he is a captive of the left and as such rarely steps outside his framework to view different aspects of a problem. That might be what makes his article in today’s Financial Times so exceptional. [...]

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GMAC, Government Ownership And Competition

Mind you I’m not saying this is going to happen, but the tussle between the American Bankers Association and GMAC over the deposit rates the latter is offering may be glimpse of things to come. The background on this one is that GMAC which is surviving on government funds is offering through Ally Bank, its [...]

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Secretary Geithner Has Them Rolling In The Aisles In Peking

Tim Geithner gets no respect. This from the Telegaph.co.uk: In his first official visit to China since becoming Treasury Secretary, Mr Geithner told politicians and academics in Beijing that he still supports a strong US dollar, and insisted that the trillions of dollars of Chinese investments would not be unduly damaged by the economic crisis. [...]

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The Hidden Risk In Losing GM

This is an interesting article from Susan Helper, an economist at Case Western Reserve University. It appeared in the WSJ Real Time Economics blog. I’m not sure whether Ms. Helper is making a case for GM and its prospects for survival or suggesting they are difficult at best but she does raise some interesting points [...]

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