All Commentary
Monday, July 19, 2010

Treasury Dealer Closings Criticized

“The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog found.” (Washington Times, Sunday)

Close enough for government work.

FEE Timely Classic
“Political Bankruptcies: How Chrysler and GM Have Changed the Rules of the Game” by Richard A. Epstein