SIGTARP auto report out.

    The short version?  Having the government do your restructuring for you isn’t necessarily the brightest thing in the world.  Particularly when there’s a variety of conflicting objectives.  At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »

    SIGTARP auto report out.

    The short version?  Having the government do your restructuring for you isn’t necessarily the brightest thing in the world.  Particularly when there’s a variety of conflicting objectives.  At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »

    Inspector General situation updates.

    Pride of place probably goes to this interview of SIGTARP (and Obama ’08 supporter) Neil Barofsky by Jake Tapper (via Hot Air).  Barofsky engaged in a strong pushback to the White House / Treasury Department’s attempt to contradict his release of numbers indicating that the administration was planning to spend 23.7 trillion dollars to repair our financial system; the best quote from that was probably | Read More »

    Did the White House interefere with more Inspectors General?

    Once is happenstance. Twice is coincidence. Three times is enemy action. – Ian Fleming, Goldfinger Being an inquisitive sort, Dan Riehl went looking for other instances where the White House may have been interfering with the Inspectors General, and lo! – he found some.  Two more, both of which are involved executive branch officials allegedly interfering with investigations and one of which involved a sudden | Read More »