Chrysler
The Detroit Project
Meet the White House Manufacturing Czar
I just wanted to highlight my latest print piece for readers who come straight to this blog rather than clicking through from the homepage. It's about White House manufacturing czar Ron Bloom, a longtime steelworkers union official and an investment banker before that. Just prior to his current gig, Bloom led the administration's restructuring of Chrysler as a deputy to Steve Rattner, then head of the auto task force. READ MORE >>
Manufacturing Bloom
Czar Crossed
Would UAW Wage Concessions Have Been Good for Louisville?
Buyer Beware
Summers To Chrysler Bondholders: Quit Yer Bellyachin'
This, from Larry Summers' CFR talk today, sounds about right to me: Mr Summers defended the administration’s handling of the Chrysler bankruptcy – in which union creditors received better terms than debtholders who had more senior claims, alarming many investors who see the order of creditor seniority as a crucial underpinning of finance. READ MORE >>
The End Of Gm As We Know It
It's been clear for a while now that General Motors, like Chrysler before it, was headed for bankruptcy. But it's still a huge development. And, at least from the perspective of history, it's still a little stunning. READ MORE >>
The Power Of Bankruptcy Judges, A Follow-up
Pivoting off a Journal report last week that Chrysler would try to scale back some of its environmental liabilities in bankruptcy court, I asked what other sorts of claims a bankruptcy judge could winnow away. I was particularly interested in tax liabilities. READ MORE >>
Bankruptcy Judges Are Powerful
Okay, you already knew that--they're basically czars of the companies that slouch into their courtrooms. But did you realize they were this powerful? READ MORE >>
