Archive - May 25, 2009 - Story

Amusing PR from Chrysler, in which the company tries to justify the presumably crappy outcome that those pushing for liquidation would get as a result of the "lack of bids" during the less than month long bankruptcy.

"David Rosenberg can't be bargained with. He can't be reasoned with. He doesn't feel pity or remorse... and he will absolutely not stop. Ever! Until all the baseless propaganda is dead."

On a day when the U.S. citizenry takes it easy, grilling, drinking and generally doing what it is good at - being lazy, hoping that things will get better, the economic terminator who recently moved to Canada, provides a steady stream of ammunition in the fight with ignorance and propaganda. Rosenberg's morning notes from this morning are a treat.

"David Rosenberg can't be bargained with. He can't be reasoned with. He doesn't feel pity or remorse... and he will absolutely not stop. Ever! Until all the baseless propaganda is dead."

On a day when the U.S. citizenry takes it easy, grilling, drinking and generally doing what it is good at - being lazy, hoping that things will get better, the economic terminator who recently moved to Canada, provides a steady stream of ammunition in the fight with ignorance and propaganda. Rosenberg's morning notes from this morning are a treat.

In a petition with the bankruptcy court, in which the affected dealers try a last ditch effort to fight the system, this time using an approach claiming their "interests" were affected (in a narrow sense), as defined by 363(f), the dealers and their special council Siller Wilk throw the kitchen sink at Judge Gonzalez in an attempt to derail the Good Chrysler sale. Seton Hall law professor Stephen Lubben did a nice job of dissecting the legal basis (or lack thereof) of their argument.

• Carmakers’ Woes May Cost Six Million Jobs, Union Head Says (Bloomberg)
• Mounting sadness behind the happy headlines (FT)
• Job losses push safer mortgages to foreclose (New York Times)
• In India, little demand for no frills car (

Update 2: Korean won, stocks tumble - Bloomberg

Update 2: Korean won, stocks tumble - Bloomberg