Quote of the Day – Auto Edition
“Henry Blodget (along with others at Clusterstock) wonders why bankers, notably BoA’s Ken Lewis, are getting such kid glove treatement while GM’s Rick Wagoner gets the axe. I think I can explain that. The White House’s pool of economic advisers isn’t filled to the brim with auto execs.” – Dave Schuler
Indeed. Timothy Geithner and company can readily understand how someone could run a too-big-to-fail financial institution into the ground through no fault of their own. Running an auto company, by contrast, looks easy.