Sorry for the short list tonight, but I need to get on a more normal schedule.
Another View: How to Save the U.S. Auto Industry J. Ronald Trost (who negotiated the Chrysler rescue), DealBook (hat tip Credit Slips). The problem with all these clever financial strategies is that they ignore the consumer. Surveys have found that as many as 80% of carbuyers would not buy a vehicle from a bankrupt manufacturer. Ask people you know. So far, I have gotten a 100% negative response. And failing dealers, who provide service, is also a deterrent.
Why Did TARP Change Course? Roger Ehrenberg. A new line of thought.
Credit-Card Fees Targeted by Retailers Who Say Banks Overcharge Bloomberg, The issue is merchant charges, not those to the consumer.
Do We Overrate Basic Research? Steve Lohr, New York Times. FYI, the author of the research, Amar Bhide, is a friend of mine, and also unfailingly smart and provocative.
Antidote du jour: