Tag Archives: Auto Bailout

You Break It,

… you buy it. Wasn’t that the so-called Pottery Barn rule? Now, lookin’ around at GM, AIG, those guys, it’s: you break it and whatever it is –a company, an industry, or a whole sector of the economy– you sell the shards to the U.S. taxpayers. Those poor saps.

If you’ve maybe got an opinion or two but are still not totally sure how and why our auto industry followed those honey-voiced GPS directions right over the cliff, read this. I know: it’s a few pages.  And one of the take-aways from WordCamp was: “On the Internet, nobody reads.”  If you have the time though, this guy from the WSJ is good.

And you might be the only one at the party who knows what went on.