For some reason, Andrew Ross Sorkin felt the need to weigh in on the debate over whether Rick Wagoner or Team Auto should get credit for GM’s turnaround. He probably shouldn’t have, seeing as how some of his evidence against Wagoner is that “he wasn’t able or willing to cull failing brands like Pontiac, for [...]

I’m going to have a few follow-up posts about Steven Rattner’s Overhaul generally and Saturday’s book salon on it. But for the moment, I wanted to add something to two excellent reviews of it by Malcom Gladwell and Felix Salmon. Together, they both distinguish between the product GM makes and the debt it had. Here’s [...]

Eric Kleefield uncovers a heap of hypocrisy in IN Senate candidate Dan Coats’ lobbying record, but he misunderstands what it means. Former Sen. Dan Coats (R-IN) is running for his old Senate seat, apparently on a platform of opposing government takeover of the private sector. But as it turns out, in 2008 he lobbied the [...]

Cerberus’ investors are fleeing like proverbial rats.

Yes, as we suspected, Bush punted on the auto crisis to leave the problem for Obama. But curiously, he did not punt on the auto finance crisis.

The Fed just awarded GM’s finance arm bank status.

Apparently, no one knows what the fuck is the role of Cerberus in Chrysler’s $4 billion loan.

Who is paying Bob Nardelli’s salary? And to do what? And is it possible that he was left out of negotiations on the bridge loan, even while Chrysler will own the responsibility for paying it back?