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Yet More on GM and The Reagan Illusion

There’s some good stuff in this article in today’s New York Times:On Washington – The Great Bailout Debate We need clarity, and given the ridiculous nature of American transitional politics we won’t get any. Right now we need leadership … oh well. The fact remains that saving GM is a hopeless cause. It’s a dead […]

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Citibank Cuts

Not all the jobs cuts announced at Citigroup this morning will be outright layoffs. Like all inept managers the Vikram Pandit team has sought to obfuscate as much as possible on that figure. Here is the New York Time’s coverage:Citi Plans Asset Sales and Job Cuts The damage will be felt most here in New […]

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GM Again

Here is the text of an e-mail I sent this morning the TPM’s editor Josh Marshall. He is having genuine trouble with the notion of a GM bankruptcy. Josh: We have to let GM go! The entire company: management, unions, and shareholders have become so horribly out of step with the market for cars that […]

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