Megan McArdle does the math on the government’s investment in GM and concludes that given the pricing of the company’s IPO that we are likely to lose at least $10 billion of the $50 billion or so that we advanced the company. She also does a thought on how we might have more wisely spent […]
Archive for November 2nd, 2010
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Some Thoughts On Divided Government And QE ll
Posted by Tom Lindmark on November 2nd, 2010
If your eyes start to glaze over this evening during the election returns, here’s a link to what economists think about the prospects of divided government. Given the efficacy of their profession’s advice over the past couple of years I’d recommend taking their prognostications very lightly. And here is a short video with Evan Newmark […]
Is Countrywide Heading Towards A BK
Posted by Tom Lindmark on November 2nd, 2010
Here’s an interesting scenario that Credit Agricole’s analyst, Mike Mayo, paints. He suggests that Bank of America might find a Countrywide bankruptcy the best alternative if things in the mortgage world continue to deteriorate. From the WSJ’s Deal Journal, here is his reasoning: 1) The legal reason: Countrywide is a separate legal entity from BofA, […]
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