Remember when folks were all talking about the need to push GM through a pre-pack before the Feds got involved? Remember how Obama and the Senators sort of picked up on it? Yeah, forget it; it’s just money: http://www.nytimes.com/2008/12/09/business/09auto.html Some concepts – the difference between enterprise value and market value, the difference between Chapter 11 [...]
Archive for December, 2008
Cars
Posted in Finance, John McCain, Meltdown, Obama on December 8, 2008 | Leave a Comment »
Before There Was Manny
Posted in Baseball, Sports on December 4, 2008 | Leave a Comment »
http://www.faniq.com/blog/The-25-Best-Rickey-Henderson-Stories-Of-All-Time-Blog-15243
Labor Law
Posted in Domestic Policy, Housing Policy, Labor Policy on December 3, 2008 | Leave a Comment »
Interesting article from earlier this year: http://www.iir.berkeley.edu/events/spring08/feller/ Two main progressive points that I have never properly understood: Why should companies/government not be able to hire replacement workers? I can certainly understand that workers should be able to band together in unions to negotiate with employers. But if the unions decide to unilaterally withdraw their services [...]
Bank of America
Posted in Finance, Meltdown, Obama on December 3, 2008 | Leave a Comment »
1) the feds should pay the depositors each $100K, using whatever correctly calculated premiums the FDIC charged the bank over the years, and, as you mentioned before, 2) We should go back in time and ma bell their a$$es so the banks don’t get too big to fail. Whatever economies of scale there might have [...]
Interfluidity
Posted in Finance, Meltdown on December 2, 2008 | 1 Comment »
I like reading this guy: http://interfluidity.powerblogs.com/posts/1227843544.shtml Good article. I disagree with the calculation of the wars – going to war generates massive deferred expenses, as the government pays pensions/disabilities for decades after and permanently loses the young men it plows under – and of course the first thing that comes to mind when I see [...]
