Tuesday, December 9, 2008

Bailout, bankruptcy, job losses, markets up

More consequences of the financial crisis.

News Analysis - Washington Takes Risks With Its Auto Bailout Plans by David E. Sanger

The realignment of the auto industry described by Barack Obama sounds perilously close to a word no one in his camp wants to say: nationalization.

Dealbook Workers Pay for Debacle at Tribune by Andrew Ross Sorkin

Sam Zell, the chief of the Tribune Company, literally mortgaged its employees’ future to pursue what one analyst called “a childhood fantasy.”

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