October 22nd, 2008 • by David Zatz
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 [...]
September 12th, 2008 • by David Zatz
You heard me. I’m fed up with these dithering politicians. They’re watching Detroit sink under a combination of mismanagement, bad timing, shortsightedness, and changes in the world’s economies. The White House, after having stated its opposition to bailouts for private industry and big government and such, has jumped in to rescue every gathering of wealthy, [...]