The Radford Free Press – Page 495 – All life is problem solving.

Economics / Alabama, auto industry, bankruptcy, Chrysler, creditors, default, GM, Tennessee /

The Auto Industry: How Much Longer?

April 23, 2009

One last thing on what has been a very busy day: the end seems to be well and truly nigh for both GM and Chrysler. Every other word out of a GM official’s mouth now suggests that the company is headed toward bankruptcy of some sort. The latest was the announcement by GM’s CFO that […]

Economics / anti-trust, bankruptcy, nationalization, oligarchs, receivership, Salon, Simon Johnson /

Quick Note: Simon Johnson Interview

April 23, 2009

This interview of Simon Johnson by Andrew Leonard in Salon is worth a read. I have quoted Johnson many times here and his blog at Baseline Scenario is always worth a read. The main point to emerge from this interview is that Johnson, an early and persistent advocate of ‘nationalization’, is now preferring to call […]

Economics / Andrew Cuomo, B. of A., bailouts, Bank of America, Ken Lewis, Merrill Lynch, Paulsen, shareholders /

Ken Lewis Must Go!

April 23, 2009

Alright I admit that’s a bit harsh. But he’s done nothing but foul up lately. The Bank of America shareholders meeting next week, on the 29th of April, should be a fun one to sit in on. It appears that our indomitable Ken was coerced by Hank Paulsen, then Treasury Secretary, into going ahead with […]

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