Breakingviews

GM navigates smart route to CEO succession

December 10, 2013

New boss Mary Barra has a reputation for both good design and keeping a firm handle on costs. That’s what the automaker, freshly liberated from the U.S. government, needs as it chases more profitable rivals. GM also appointed an independent chairman for good governance measure.

Review: Bairing the strain of failed regulation

October 12, 2012

Former U.S. bank regulator Sheila Bair is by no means perfect, as several incidents in “Bull by the Horns” demonstrate. But she put taxpayers first and argued for banks to shoulder more of the burden for the industry’s failures, which is how the system is supposed to work.

TARP success doesn’t make it good finance

April 25, 2012

The government’s $700 bln bailout plan stabilized the U.S. banking system and carmakers, but taxpayers won’t see any direct returns from the investment. Treasury’s fuzzy math wouldn’t fly with any sensible portfolio manager. What it calls a profit looks more like a $230 bln loss.