James Kwak over at The Baseline Scenario has been doing some smart thinking about the auto industry. His analysis is here: Kidnapping Chrysler! I especially endorse his views about Chrysler. Think about it: Chrysler is owned by a private equity firm, Cerebus, so the owners have access to capital whenever they can find something worth […]

As reported in today’s Financial Times, Alan Greenspan whose conservative credentials are impeccable argues for the nationalization of banks: FT.com / US / Politics & Foreign policy – Greenspan backs bank nationalisation Now, if people like Greenspan and Senator Graham, neither of whom would I call liberal let alone socialist, are calling for nationalization of […]