Items of Interest:
Michael Moore / Mike's Message:
Goodbye, GM ...by Michael Moore — I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled. — As I sit here in GM's birthplace, Flint, Michigan …
Robert Reich / Financial Times: General Motors holds a mirror up to AmericaNew York Times: G.M. to Seek Bankruptcy and a New StartChris Good / The Atlantic Politics Channel: Michael Moore Says Goodbye To GMsnooperreport.com: Michael Moore - Anatomy of An Anti-Americanist Marxist Hack DaddyPareene / Gawker: Why Didn't We Listen to Michael Moore?OtownRog / Frankly My Dear: Michael Moore on the “totaling” of General MotorsJohn Tomasic / Colorado Independent: Giant gas-guzzling GM goes belly up; tiny electric Tesla Motors thrivesChad Rubel / BuzzFlash.org: GM went bankrupt: So now what do we do about Detroit?Matthew Vadum / AmSpecBlog: Fascism and Michael Moore's Dumb Ideas About Government MotorsEric Etheridge / The Opinionator: Eulogies for General MotorsBill Anderson / LewRockwell.com Blog: Michael Moore and GMTed Johnson / Wilshire & Washington: Arguments in Al Franken Vs. Norm ColemanGateway Pundit: Far Left Blowhard Michael Moore “Joyful” Over GM's Demise
Kbh / KeithHennessey.com: Understanding the GM bankruptcyCameron Sinclair / The Huffington Post: What if GM or AIG were a not-for-profit?New York Times: Obama Sees ‘Painful’ Birth of New G.M.Sharon Silke Carty / USA Today: GM to get $30.1 billion more in federal aid for bankruptcyCouncil on / CFR.org: Geithner's Rebalancing BidDaniel Ikenson / Cato @ Liberty: GM's Last Capitalist Act: Filing for Bankruptcy ProtectionMichael Mechanic / MoJo Blog Posts: Stimulus: Your Chance to Act LocallyPat G. / Wonk Room: As GM Files Bankruptcy, Conservatives Again Claiming That Bondholders …Rob / Say Anything: Obama Administration Files Bankruptcy For General Motors
The company will seek an abbreviated, two-to-three months of bankruptcy protection Monday in court in exchange for the assistance, after which, senior administration officials said, they expect to provide no additional support...
Sean Callebs / CNN:
Jane Hamsher / Firedoglake: With GM Bankruptcy Closing TN Plant, Will UAW Spend Against Anti-Labor Senators?
Wall Street Journal: GM Files for Bankruptcy Protection
Ion Mihai Pacepa / Wall Street Journal: What I Learned as a Car CzarAshby Jones / Law Blog: GM Falls; Weil to Stay BusyDan Kotman / American Solutions: GM Files for BankruptcyEd Morrissey / Hot Air: GM enters bankruptcy, creditors howlWashington Wire: Obama Predicts ‘Painful Toll’ From GM Bankruptcy
Susan Helper / RTE: GM Risks Cutting Capability in Trimming Costs
Bloomberg: GM Bankruptcy Seen as 'Best of Assets, Worst of Assets'
New York Times: Tentative Deal for GM’s Opel Is Latest Shift for Industry
Boomberg: General Motors to Cancel Seven Corporate Jet Leases
A Primer on the G.M. Bankruptcy -- General Motors followed Chrysler into bankruptcy on Monday in a case that will be one of the largest and most complex in history. It hopes to follow the same path Chrysler has taken through court, but there will be some differences between the two cases...
Christine Seib / Times of London: GM files for bankruptcy protectionDave Michaels / TRAIL BLAZERS: Jeb Hensarling pushes probe of GM bankruptcy dealSwaraaj Chauhan / The Moderate Voice: General Motors: Iconic Auto Maker Runs Out Of Gas
Judge Clears Way for Sale of Chrysler to Fiat -- A federal judge on Sunday night cleared a path for Chrysler to exit bankruptcy by approving a sale of most of the carmaker’s assets to a new entity to be run by Fiat of Italy...
Global Crisis ‘Inevitable’ Unless U.S. Starts Saving, Yu Says -- Another global financial crisis triggered by a loss of confidence in the dollar may be inevitable unless the U.S. saves more, said Yu Yongding, a former Chinese central bank adviser.
It’s “very natural” for the world to be concerned about the U.S. government’s spending and planned record fiscal deficit, Yu said in e-mailed comments yesterday relating to a visit to Beijing by U.S. Treasury Secretary Timothy Geithner ...
Mish's Global Economic Trend Analysis: Former Chinese Central Bank Advisor Questions Geithner's Math, Calls Federal Reserve Assets "Rubbish"
Subprime meltdown over; now comes the bad part -- So much has been made of the subprime mortgage implosion that you would think it was almost totally responsible for the economic collapse, and that once the subprime problem was fixed then the worst would be over.
Unfortunately nothing could be further from the truth, despite hitting new highs in foreclosure listing. Instead it was the first round of a three part collapse, and we are on the edge of the second round...
- The Downturnaround Is Here - Hugo Lindgren, New York Magazine
- Boom Times Are Back, Outside the U.S. - Fareed Zakaria, Newsweek
- Say It Ain't So, Larry Summers - Irwin Stelzer, The Weekly Standard
- Has the Depression Threat Vanished? - Anatole Kaletsky, Tmes of London
- Banks Dig In for Fight Against Rules - Morgenson & Van Natta, NY Times
- California Debacle Would Loom Large in D.C. - Kevin Hassett, Bloomberg
- We're in Danger of Going Back to Square One. - Roy Smith, Forbes
- Putting First-Quarter Earnings into Perspective - Doug Kass, TheStreet
- What's Caused Newspapers To Become Endangered? - A. Abelson, Barron's
- Wither the Dying Newspaper Business? - Bill Frezza, RealClearMarkets
- Blame Reagan for Our Financial Crisis - Paul Krugman, New York Times
- Buffet, Dreman & Heebner Due for Comeback - John Dorfman, Bloomberg
- Bond Vigilantes Set to Rebel Against West - Liam Halligan, Daily Telegraph
- Let's Pay Taxes for Healthcare Now - Jonathan Cohn, The New Republic
- We Must Not Let Banks Escape from Under TARP - Michael Maiello, Forbes
- Edmund Andrews Reveals a Bigger TARP Scandal - John Tamny, Forbes
- Cap-and-Trade: All Cost, No Benefit - Martin Feldstein, Washington Post
- The View from the 23rd Century - David Warsh, Economic Principals
- Is the World Economic Center of Gravity Moving to Asia? - Becker-Posner
- Health Reform's Savings Myth - Maya MacGuineas, Washington Post
- Congress's Afterthought, Wall Street's Trillion Dollars - Washington Post
- Zoellick: Stimulus ‘Sugar High’ Won’t Stem Unemployment - Bloomberg