gregmankiw.blogspot.com - 4/30/2009
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Via the WSJ , here is the view from a "secured (sic) creditor" of Chrysler: "Like many others I made the mistake of buying what I believed was 'value,'" Mr. Gwin says, adding that investors who bought at the time believed the loans were worth more than their market price. "We did not ...
corner.nationalreview.com - 4/30/2009
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corner.nationalreview.com —
Chrysler's smaller creditors -- the ones that didn't
take TARP money -- have issued a statement complaining
that they were shut out of negotiations with the Obama administration, which tried to screw them over in order to secure a better deal the ...
(more)
Chrysler Bankruptcy Sticking Point: The Rule of Law
talkingpointsmemo.com - 5/1/2009
theamericanscene.com - 5/4/2009
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theamericanscene.com —
Apropos of Jim Manzi and Megan McArdle on
the Chrysler bailout: I take a much less idealistic
view of the whole business. The reason the government is involved in this process at all is that everyone assumes that, in the event of a bankruptcy of ...
(more)
The Law Says This, The Law Says That, The Law Says ...
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The One fought the Law…
protein wisdom —
…and the One won ? As the President intervenes in more and more industries, a key question is how he does it and what he is trying to achieve. Is he trying to reorganize insolvent firms while, as much as possible, preserving the rights of stakeholders as established under existing contracts? Or is he trying to achieve a “fair” outcome as he judges it, regardless of preexisting rules and agreements? I fear it may be the latter, in which case politics may start to trump the rule of law. May ? Oh, I think that ship has already sailed, professor. I won’t get too in depth here ...
The Daily Grind
Weekly Standard Blog —
Welcome your new headline-maker, Democrats: "Specter hints Jack Kemp died of GOP agenda."
Get in line to get your money back from Arlen Specter.
The John Edwards 2012 campaign loses a tad more steam.
Losing the rule of law.
Deflation or inflation?
About that flu pandemic...
The candidate of change...ing his mind about Bush administration policies.
"Now that is not only wrong, it's deeply corrupting."
The taxpayer clawback.
Specter's unfavorables at ...
Forget the rule of law
Betsy's Page —
Gregory Mankiw also has concerns about where lies the rule of law with Obama's bailout maneuvering with Chrysler. As the President intervenes in more and more industries, a key question is how he does it and what he is trying to achieve. Is he trying to reorganize insolvent firms while, as much as possible, preserving the rights of stakeholders as established under existing contracts? Or is he trying to achieve a "fair" outcome as he judges it, regardless of preexisting rules and agreements? I fear it may be the latter, in which case politics may start to trump the rule of law ...
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