A Few Late Night Links And Thoughts

Here are a couple links to two good articles at Portfolio.com.

First, Felix Salmon leads off with an attempt to parse the second government bailout of AIG. I'm still thinking it through and he may be ahead of me but it makes for some interesting ideas. Anyway, the more you think about this the stranger it seems.

The second proposes that GM just go to the bankruptcy courts and straighten things out there. I had always been in the camp that said BK was the kiss of death for a company that sold an asset like automobiles, arguing that the warranty issue would torpedo sales. The author has some pregnant points and I may be coming around to her point of view.

It makes as much sense as more government money. After all, we are seeing first hand with AIG where that road seems to lead.

Tom Lindmark