emptywheel.firedoglake.com - 3/30/2009
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photo by LA Wad
[ Program note : Jane will be appearing live with David Schuster on MSNBC's 1600 Pennsylvania Avenue to talk about Obama's auto initiative. The show airs at 6 PM Eastern. Jane expects to come on at about 6:3o. ]
Let me start by saying I'm non-plussed by the call for ...
online.wsj.com - 3/30/2009
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online.wsj.com —
Obama moved to impose sweeping and hard-nosed restructuring
measures on GM and Chrysler, including the ouster of...
GM's Wagoner.
(more)
U.S. Forces Out GM CEO Wagoner
mcclatchydc.com - 3/30/2009
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mcclatchydc.com —
WASHINGTON — President Barack Obama on Monday will
reject requests for almost $22 billion in new taxpayer...
bailout money for General Motors Corp. and Chrysler, saying the car makers have failed to take steps to ensure their viability.
(more)
Feds declare GM, Chrysler not viable, refuse more aid
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More On The Auto Plan
Political Animal —
... stepped into their positions. Clearly the President's call for Chrysler to find a merger partner or be forced into bankruptcy focused their minds a little bit. Obviously, there is concern that a double standard is being applied to the auto companies when compared with the larger banks, and I agree. On the substantive merits of this proposal, however, I think Obama had few alternative options. Emptywheel, who lives in Michigan and has worked for auto companies in the past, had a good take . ...here's what Obama seems to be announcing today: ⢠Chrysler will be forced into a ...
Obama’s 100 Days of Auto Bailout
Firedoglake —
I've been asked by several people to comment on Obama's first 100 days (I'll put up links later). But no one has asked me to comment specifically on his 100 days of auto bailout. Reading this article, though, made me want to do a post addressing the auto bailout specifically. Thus far, I'd give Obama a A-.
To explain my thinking, let me first remind you of what I said when Obama first inched Chrysler and GM closer to bankruptcy: ...
Related Content
U.S. Considers Bankruptcy for GM, Chrysler
online.wsj.com 3/31/2009 — The administration is weighing a plan to fix GM and Chrysler by dividing their "good" and "bad" assets and plunging them into bankruptcy to purge their biggest problems.
Obama Said to Find Bankruptcy Likely for GM, Chrysler (Update3)
bloomberg.com 4/1/2009 — By John Hughes, Linda Sandler and Rebecca Christie April 1 (Bloomberg) -- President Barack Obama believes a quick, negotiated bankruptcy is the most likely way for General Motors Corp. to restructure and become a competitive automaker, people familiar ...
Obama Said to Conclude Bankruptcy Best Option for GM, Chrysler
bloomberg.com 4/1/2009 — March 31 (Bloomberg) -- President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp. to restructure and become a competitive automaker, people familiar with the matter said. Obama also is prepared to ...
Government: GM, Chrysler "may well require" Bankruptcy
calculatedriskblog.com 3/30/2009 — From the WSJ: Government Forces Out Wagoner at GM The administration's auto team announced the departure of [General Motors Corp. Chief Executive Rick Wagoner] on Sunday. In a summary of its findings, the task force added that it doesn't believe ...
GM & Chrysler
whitehouse.gov 3/30/2009 — The President announces that his Auto Task Force has completed its evaluation of the viability of General Motors and Chrysler, and gives his response.
A Quick Bankruptcy for GM?
meganmcardle.theatlantic.com 4/14/2009 — I'm struggling to understand how the government thinks that it can get GM in and out of bankruptcy in the blink of an eye. In a "prepackaged" bankruptcy, where there's substantial agreement among the parties, that may be possible. But ...
Treasury Soliciting Bankruptcy Funding for GM, Chrysler
nakedcapitalism.com 2/23/2009 — Let's see. Citigroup has gotten $45 billion of TARP funds, and backstops on a net of roughly $250 billion of crappy loans after Ciit's first loss and allowing for the split between Uncle Sam and Citi on the balance. And it is pretty unlikely that we ...
Obama team drops "war on terror" rhetoric —
Reuters: Politics 3/30/2009
THE HAGUE (Reuters) - U.S. Secretary of State Hillary Clinton said on Monday the Obama administration had dropped "war on terror" from its lexicon, rhetoric former President George W. Bush used to justify many of his actions.
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