Sunday, November 14, 2010

Steve Rattner on the GM Takeover

A month ago Ezra Klein posted a great two part interview with Steve Rattner.

"America's auto industry seems healthy today. Sales are up, and so are profits. GM is readying an IPO. 'An apology is due to Barack Obama,' wrote the Economist, which opposed the government's intervention into the automobile market. 'His takeover of GM could have gone horribly wrong, but it has not.'

Some of the credit for that goes to Steve Rattner, the private-equity specialist whom President Obama tapped as 'auto czar.' Ratner's new book, 'Overhaul,' reconstructs those frenzied months and provides the first insider perspective on the administration's policymaking process. This transcript -- which focuses on how government was working amid the chaos of the financial crisis -- is Part 1 of a two-part interview. Part 2, which will come out tomorrow, focuses more specifically on the auto bailout and related policy decisions"

No comments: