Auto Bailout Redux: Warren Buffett

…it was Bush who bailed out GM — Obama forced it into bankruptcy… Steve Rattner’s blog points out a February 27th CNBS interview with Warren Buffet that affirms what David Ruggles and I have argued from the start on our Autos and Economics blog, and reiterated here: that the alternative to the government provision of […]

Auto Bailout Redux and Mitt Romney

See the post on my parallel blog, US and Economics on Mitt Romney’s puzzling statements on the government-led bankruptcy of GM and Chrysler. First, as I discuss there, Romney knows finance and so must know he’s wrong. Second, and not discussed there, from my end it’s not a bright strategy to take this stance in […]