The Government and GM: How Reluctant a Shareholder?
Will the new majority owner of General Motors — the United States Government — take an active role in managing the firm as it struggles… Read More
Will the new majority owner of General Motors — the United States Government — take an active role in managing the firm as it struggles… Read More
Here’s a shocker. Among the cheerleaders for President Obama’s plan to increase federal fuel efficiency mandates were General Motors and Chrysler — two companies that… Read More
What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a… Read More
Ever since the results of the government’s stress tests were released, banks across the country have been rushing to escape from their TARP traps. Now… Read More
For months now, the Treasury Department has been grappling with the consequences of “Too Big to Fail” — the idea that some enterprises are too… Read More
In the weeks leading up to last week’s release of “stress test” results, there was quite a bit of talk about more bailout money for… Read More
In a surprisingly frank statement this morning, General Motors CEO Fritz Henderson confirmed that the Treasury Department is calling the shots on the company’s on-going… Read More
The results aren’t officially out yet, but it looks like 14 of the 19 financial firms subjected to “stress tests” by the Treasury Department passed… Read More
Did the White House threaten a Chrysler creditor who refused to sign on to the rescue plan brokered by the government? That’s the charge levelled… Read More
President Obama was clearly miffed yesterday. His plan for restructuring Chrysler without a bankruptcy had been blocked by the refusal of some of the firm’s… Read More