Finance Geek

Industrial Policy: The U.S. government dictating a major corporation’s merger partner and who its CEO should be was unimaginable a year ago. Has industry sold America’s free-market soul for bailout money?

A president of the United States orders the chief executive officer of General Motors to resign. The same president is further ordering Chrysler to merge with Fiat, the Italian firm specializing in flimsy cardboard boxes on wheels.

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This entry was posted on Tuesday, March 31st, 2009 at 3:24 am and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.