Friedman rightfully pops a cork over Nardelli’s spin that Detroit is asking for $25 billion to innovate, not as a bailout:
It wasn’t a bailout, he said. It was a way to enable the car companies to retool for innovation. I could not help but shout back at the TV screen: “We have to subsidize Detroit [...]
Posts Tagged as ‘Add new tag’
November 12, 2008
Market Failure — Fixing Flats
October 19, 2008
Government by Gold(man) Standards
NYT piece confirms the ubiquitous nature of the GS machine present within government:
Indeed, Goldman’s presence in the department and around the federal response to the financial crisis is so ubiquitous that other bankers and competitors have given the star-studded firm a new nickname: Government Sachs.
October 2, 2008
Market Failure — Wrong Risk Model
An opinion piece hypthosizes how an assumption on the isolation of risks in the Wall Street risk models was wrong…
September 28, 2008
Gold(man) Standard
Here are two articles and one editorial with Goldman Sachs as a common element.
Wall Street, RIP
Blind Eye to a web of Risk
Georgians were first casualties of market crisis
Wonder how many other common elements may be found?
