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Tag Archive for 'economy'

Another quick explanation for November 4

Much has been written about how the Chrysler-GM-GMAC-Cerberus deal (in reverse order of profitability) is slated to occur by November 4. Not much has been written about the reasons, though I proposed the only sensible (to me) explanation a few days ago – that any news coming out on November 4 would be largely ignored. [...]

Why does Chrysler need to be sold by November 4?

Here is my theory: the goal is not to sell Chrysler by November 4. It is to sell Chrysler on November 4. First, let’s describe the paranoid version of this deal: General Motors will, under duress (including Cerberus’ abuse of GMAC to deny loans to most GM buyers) trade its share in GMAC and some [...]


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