Posts tagged “detroit”
Confidence Game
Carrots for banks, sticks for autos – Politico (3/30/09): “The likelihood of failure here is too high to invest any more political or financial capital at the moment,” said a Democratic official close to the White House. “For all the negative aspects of structured bankruptcy [a likely outcome for GM], it doesn’t necessarily collapse the [...]
What’s Good for Wall Street…
G.M. Chief Is Said to Be Resigning in Deal With U.S. – New York Times (3/29/09): The chairman and chief executive of General Motors, Rick Wagoner, is resigning, just hours before President Obama was expected to unveil his rescue plans for G.M. and the ailing American auto industry, a person close to the decision said [...]