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Should the Government Bail Out the Auto Industry?
Over in the real economy, perhaps the biggest story is the impending and highly likely merger of GM and Chrysler, in which GM would swap its 49% stake in GMAC, its consumer finance company, to Cerberus (which owns the other 51%), in exchange for Chrysler, which is currently owned by Cerberus. ...
Paulson's Swindle Revealed
thenation.com — The swindle of American taxpayers is proceeding more or less in broad daylight, as the unwitting voters... are preoccupied with the national election. Treasury Secretary Hank Paulson agreed to invest $125 billion in the nine largest banks, including $10 ... (more) Paulson's Swindle Revealed
Non-Agency Mortgage Bonds Collapse
globaleconomicanalysis.blogspot.com — Bloomberg is reporting Non-Agency Mortgage Bonds Fall Amid Selling Concern . Subprime, Alt-A and prime-jumbo mortgage securities... reached or approached record lows this month as forced asset sales contributed to the decline in values. Prices dropped to ... (more) Non-Agency Mortgage Bonds Collapse
The Paulson Legacy
baselinescenario.com — With the footsteps of a new Treasury Secretary audible around the corner, Henry Paulson’s days running the... country are essentially at an end. The best he can do now is delay whatever changes the Obama administration will make. Looking back ... (more) The Paulson Legacy
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links for 2008-11-03
Economist's View — ... Everyone’s Watching - James Surowiecki How smart is the American voter? - Los Angeles Times No More Economic False Choices - NYTimes.com Naive faith in Congolese ballot box - Paul Collier Now they see the benefits of the eurozone - Wolfgang Munchau Man Versus Machine - Thomas Edsall Monetization, sterilization: What’s going on? - News N Economics Should the Government Bail Out the Auto Industry? - The Baseline Scenario ...

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