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Would you buy a used car industry overhaul from this guy?
Steven Rattner
Steven Rattner is hardly a disinterested party in gauging the effectiveness of the auto industry bailout that took place a year ago, but, writing in the Washington Post today, he may be right that the program worked. The federal treasury and the American people stand to earn money on the GM bailout (we’re up $4 billion right now on our investment, according to Rattner) and even though the government owns so much of GM, it’s not being run by government officials, but by hard-driving corporate types who have begun bringing the word “profit” back into play, and cut GM’s expenses in North America by $8 billion this year.
