Less than the Least

Entries from Less than the Least tagged with 'General Motors'

A Dissenting Note on the Auto Recovery--Skeel

Enthusiasts for the Chrysler and General Motors bailouts have been congratulating themselves as the car companies' prospects have improved in recent months.  As won't surprise anyone who has followed this blog, I worry that the wrong lessons will be drawn...

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...

Bankruptcy Phobia--Skeel

 Almost the only tool the government hasn’t seriously tried in its battle against the economic crisis is bankruptcy. Rather than bailout out Bear Stearns, AIG or GM, it would have made more sense to address their financial distress in bankruptcy. The most...

Where Should GM File for Bankruptcy?--Skeel

The most surprising development in the Big 3's campaign for a bailout has been the amount of resistence it's met. Surprising to me, at least. After all the money that's been committed to the financial bailout, I assumed the carmakers...