NYC plan needs Financier Bloomberg not Mayor Mike

June 18, 2012

Privatizing 90,000 parking spaces could raise billions to head off looming budget deficits. But as Chicago showed, such deals can sacrifice long-term revenue for short-term relief. Political expediency should take a backseat in the Big Apple. A joint venture would work better.

GM IPO should borrow from European privatizations

August 4, 2010

The U.S. administration should take a quick refresher course in recent European financial history. That could help it pitch General Motors' upcoming initial public offering right. That's important: If the IPO is priced too high and flops, it'll be much harder for the government to offload the rest of its shares without taking a hit. But if GM's stock market debut prices too low and shares surge, the White House would risk accusations of favoring Wall Street at taxpayers' expense.