If you wait long enough, somebody's probably going to articulate what you are thinking, and probably say it better. Case in point: I haven't had much time to type out my thoughts on the nation's fear of "nationalization", but Robert Reich does a pretty good job of describing something that's been bo...

Here's a sad little saga. After convincing our government that it was responsible enough and commercially viable enough to deserve a multi-billion-dollar bailout, Chrysler spent some of the money taking out full page ads in The Wall Street Journal and USAToday, thanking America for its money. They a...

In December, Chrysler's official blog posted this paid-by-Chrysler USA Today ad thanking America. The post received hundreds of negative comments. Today, after links from Jalopnik and Digg , Chrysler's pulled the entire post off their site. On December 27th, Chrysler's official blog posted a copy of...

We suspected on Monday that GMAC's silly 'we're still counting' excuse was bullshit: As it turns out, it was. GMAC announced that their debt swap deal is done, but they got far less than 75% originally required -- only 59%......

Cerberus is the latest fund to limit investors exit -- it lost 16% this year through December. And investors had submitted redemption requests in an amount more than 16.5%.... “This is a very hard decision for us, and the realization......

Daniel Alpert, managing director at Westwood Capital, an investment bank in New York, offers this view of the government’s bailout of General Motors and Chrysler: As the game clock is running out on the Bush administration, it has once again faded back to its own goal line and punted the ball ...

Not so widely reported in the auto bailout story is the link between Bush and principals of Chrysler owner Cerberus Financial Management. Amost immediately after stepping down as Bush’s Secretary of the Treasury, John Snow became chairman of Cerberus. Former Republican Veep Dan Quayle, who has...

  It is agonizing to watch Congress publicly stumbling through its analysis and qualification of the auto industry, providing appearance that it is doing its homework on a bailout. More than 40 per cent of Congress is made up of lawyers, with little grasp of finance, economics or business. Congress...

For years I believed that managerial incompetence in the U.S. automobile industry had no limits. I was right. But that was only part of the story. Now these giants of industry and their million lobbyistreplicant march on Washington is on the cusp of a monster bailout that promises to suck $15 - $25 ...

Back during my car dealer days as a finance manager in a Philadelphia Saturn dealership, I accepted the title of this post as the mantra for ‘getting done’ good people with less than stellar credit histories. The gist of the tactic was to assume that the credit analyst and/or loan office...