Daily Archives: June 10, 2009

Will Government Motors do better than General Motors?

How likely is it that Washington will do a better job running GM than the executives who oversaw its decline? Daniel J. Ikenson and Howard Wial finish their debate. Will Government Motors Do Better Than GM? – Ikenson vs. Wial, … Continue reading

Posted in The Disappearing Car Makers, Want To Buy A Car? | Leave a comment

The U.S. has more leverage with China than it thinks

This week Timothy Geithner completed his first trip to Beijing as U.S. Treasury secretary, and from his account the three-day visit was a great success. The Chinese, he said, backed the Obama administration’s stimulus program, understood the temporary need for … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, US Trade Imbalance | Leave a comment

Citigroup Circling the Wagons

It’s starting to look like the spring awakening in bank stocks may not be enough to save the CEOs of America’s biggest troubled banks, Citigroup’s Vikram Pandit and Bank of America’s Ken Lewis. A top banking regulator is agitating for … Continue reading

Posted in AIG and all that....., Cash Flow, Insolvency, Integrity and Responsibility, Interest Rates, It Is Nice To Be Part of the Elite!, Lending Crisis, No Bank Is Indispensable | Leave a comment

A Landmark Case

By any reading of the man, George W.P. Hunt — Arizona’s first governor — was a progressive Democrat. He favored creating an income tax, extending the right to vote to women, and passing compulsory education laws. But when it came … Continue reading

Posted in Significant Litigation | Leave a comment