Posts tagged as:

bankrupt

Bankruptcy IS messy, after all

June 3, 2009

And so it begins: a court has agreed to hear the appeal of a small group of Indiana pension funds protesting the sale of Chrysler's assets to Fiat. These funds hold just 0.6% of Chrysler's outstanding debt, but they've managed to throw a rather outsized wrench into the works. There are no such things as […]

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Indecision.

June 1, 2009

Stock price of GM the day it files for bankruptcy (unchanged): Stock price of Lear the day it skips an interest payment (up 14.5%): Needless to say, both charts are from today. I'm reminded of the quote from the otherwise-terrible Episode I: So this is how liberty dies. With thunderous applause.

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Sponsored by GM

June 1, 2009

I was searching for "GM" (in Bing) and a sponsored ad came up at the top of the results. It said: Official GM Site: www.GMreinvention.com Change at GM is Under Way. Visit the Official Site to See How. I assumed the ad was an outdated one referencing GM's (well, Chevrolet's) "An American Revolution" campaign, and […]

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The Inviolate Principle...?

May 29, 2009

Those naive financial journalists at The Atlantic are back! Andrew Gelman pointed me toward this misguided look at the latest auto bankruptcy (you know the one I mean). Key quote: Purists -- and virtually every academic economist one happens to encounter -- wonder what happened to the once inviolate principle of rewarding risk-takers. You'll have […]

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