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meganmcardle.theatlantic.com - 11/15/2008
Keep bailing . . .
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Felix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double standard being applied here: while the government is ...
Bailing Out in the Real World
yglesias.thinkprogress.org - 11/17/2008
Bailing Out in the Real World
— yglesias.thinkprogress.org — I feel like some of the commentary on the prospect of an auto industry bailout is starting to remind me of some of the stuff I fell for before we invaded Iraq. The kind of thing where someone yes, “yes this sounds like a bad idea, but if we ... (more) Bailing Out in the Real World

Comments vote down Eschaton found this 11/17/2008found this
portfolio.com - 11/21/2008
The Return of the $70 Per Hour Meme - Finance Blog - Felix Salmon - Market Movers
— portfolio.com — You might expect it from right-leaning commentators like Will Wilkinson . You wouldn't expect it from someone like Mark Perry , who lives in Flint, Michigan . And you certainly wouldn't expect to see it in the New York Times, from the likes of Andrew ... (more) The Return of the $70 Per Hour Meme - Finance Blog - ...
Comments vote down Megan McArdle found this 11/21/2008found this
portfolio.com - 11/14/2008
Citi's Desperate Straits - Finance Blog - Felix Salmon - Market Movers
— portfolio.com — America, we have a problem. Citigroup is the largest bank in America, with a balance sheet of over $2 trillion -- and it's also the most dysfunctional. Since Vikram Pandit took over, Citi has lost not only $20 billion but also more than 70% of its ... (more) Citi's Desperate Straits - Finance Blog - Felix Salmon - ...
Comments vote down The Daily Dish | By Andrew Sullivan found this 11/14/2008found this

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Matthew Yglesias:  Confidence Men

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Confidence Men
Matthew Yglesias — Megan McArdle writes: Not that being a CEO is easy, or that they don’t do valuable work; I venture to say that 100% of the commentators who think that running a major company is a matter of riding around on the corporate jet and stealing from the workers and shareholders would be surprised at how quickly the company sank under them if they were thrust into that cushy sinecure. I think that running a major company is largely a matter of riding around on the corporate jet, etc., etc. But at the same time, I’m 100 percent sure ...

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