Banking on Bankruptcy--Skeel

This op-ed by equity fund manager Scott Sperling in today’s Wall Street Journal makes an interesting case that the Obama administration’s handling of Chrysler and GM is actually evidence of capitalism at work. In my view, he’s right that the restructuring...

Posted by David Skeel on May 19, 2009 2:29 PM

The Chrysler Bankruptcy--Skeel

T.S. Eliot famously wrote that “The last temptation is the greatest treason: to do the right deed for the wrong reason.” I’m not sure if it’s doing the right deed for the wrong reason, or doing the wrong deed for the...

Posted by David Skeel on April 30, 2009 9:53 PM