Daily Archives: November 13, 2008

Rescuing GM

Thomas Friedman has a great article up about the foolishness of the likely bail-out of GM: They were interviewing Bob Nardelli, the C.E.O. of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn’t a bailout, he said. It was a way to enable the [...]